Is public adjustment a fraud? It can sometimes be a scam, but it can also be very beneficial. Here are some tips on public adjusters generally.
1. You must have a valid claim for the first party (a claim against your own company) Public adjusters represent policyholders against their insurance company. Although they should be highly qualified, public adjusters are required to have a license in most states. However, in certain states, it is illegal to act as a public adjustment.
An adjuster will help you negotiate and do all the legwork so you get the most out of your policy. You can find a qualified public adjuster at www.allcityadjusting.com.
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2. Assess the value of your claim. Although the cost of this service can vary, a competent and ethical adjuster should make the money worth it.
If they are unable to increase your claim value by a minimum of their fee, it is only natural to conclude that the service they offer is not worth the cost.
3. Learn about the laws governing public adjusters in your state. You should verify that they have the proper license if a license is necessary.
4. Ask for a copy of the policy of liability insurance from the adjuster. Run if they don't possess one.
5. Keep your head up. Don't be fooled by the firm or adjuster who won't answer you over the phone. Good public adjusters build their business by word of mouth.
6. Public adjusters are not allowed to represent anyone in an injury case.