When faced with an insurance claim, property owners often find themselves navigating a complex and overwhelming process. In such situations, hiring an adjuster can provide much-needed assistance. But what are the differences between a public adjuster and a non-public adjuster? We will explore the key distinctions between the two and help you make an informed choice when seeking professional help for your insurance claim.
Benefits of Hiring a Public Adjuster:
Expertise and knowledge: Public adjusters possess specialized knowledge of insurance policies, coverage, and claim processes. They understand the intricacies of claims negotiation, allowing them to advocate effectively for the policyholder.
Claims documentation and appraisal: Public adjusters assess property damages thoroughly and compile comprehensive documentation to support the claim. This includes gathering evidence, estimating repair costs, and providing necessary evidence to substantiate the claim.
Claims negotiation: Public adjusters handle all communication and negotiation with the insurance company on the policyholder’s behalf. Their expertise in negotiations can lead to higher settlement offers and a fair resolution of the claim.
Non-Public Adjuster:
Non-public adjusters, on the other hand, work directly for the insurance company. Also known as in-house or company adjusters, they assess damages and negotiate settlements based on the insurance company’s interests. Their primary responsibility is to protect the insurer’s financial interests.
Considerations When Dealing with Non-Public Adjusters:
Limited loyalty: Non-public adjusters represent the insurance company rather than the policyholder. Their priority is to minimize claim payouts, which can result in undervalued settlements.
Potential conflicts of interest: As employees of the insurance company, non-public adjusters may have competing interests, potentially leading to biased assessments and claims handling.
Knowledge and expertise: While non-public adjusters have knowledge of insurance policies and claim processes, they may not possess the same level of expertise and claims negotiation skills as public adjusters.
Regardless of the path you choose, hiring an experienced adjuster can help navigate the claims process, reduce stress, and increase the likelihood of a successful outcome.
