Claim Adjusting

An adjuster will frequently verify that coverage applies through an insurance policy, investigate liability for the damages caused, and make restitution to the injured person based on their physical, emotional, or physical property damages.

Many homeowners reach a fair settlement with the staff or independent adjuster they are working with. In the event they are not, they can hire a public adjuster. Public adjusters claim that many homeowners do not collect all the money to which they are entitled due to a lack of familiarity with the claim process. The use of a public adjuster may mitigate this risk and could help put the policyholder on a more equal footing with the insurance companies, which increasingly use experts to support their side of a claim settlement. Public adjusters charge for their services, the standard rate is 10% of your claim settlement. For example, If you suffer a $250,000.00 fire loss, the public adjuster fee for assisting you would be $25,000.00 This $25,000.00 is taken out of your claim settlement. The objective of a claims adjuster should be to protect the insured against not only financial loss, but also the cost of recovering it.

Responsibilities:

1. Responding to claims in a timely manner
2. Filing paperwork
3. Communicating with policy holders
4. Investigate liability
5. Assess damages
6. Research, detail and substantiate each aspect of the claim, including building damage, contents, and extra living expense claims.
7. Negotiate with product/service providers on time and cost of repairs for the purpose of making an offer of settlement to the insured.
8. Ensuring accurate procedures
9. Protect the interest of the insurance company the adjuster represents, when dealing with claimants.