“Why would I hire a public adjuster for an insurance claim when I can handle it myself?”
Have you asked yourself the same question? It’s a common question we’re asked here at JF Public Adjusters, and quite frankly, it’s a fair one.
In this article, we’re going to be discussing the various benefits of hiring a public insurance adjuster versus going against the insurance companies yourself.
Here’s the deal, navigating the insurance claim process can be challenging and muddy even when you’re familiar with the insurance industry. Let alone if you’re someone who’s experiencing their first foray into the insurance claim arena.
The problem is, although it can often appear or seem as though the insurance provider is trying to assist you, in reality, they’re doing what is in their best interest.
The unfortunate thing is this means they’re doing everything to ultimately decrease, lessen, or eliminate the need to process your settlement payment.
A Public Insurance Adjuster is your secret weapon in these complicated situations relating to insurance. Not only do they work on your behalf, their compensation is directly related to the settlement amount they’re able to help you receive.
That means a public adjuster only gets paid if YOU get paid, so their success is tied to your success, which is what makes it such a powerful and beneficial relationship.
So with that in mind, let’s look at some top benefits of hiring a public adjuster.
So, without any further ado, let’s look at:
The 9 Benefits of Hiring a Public Adjuster.
Benefit #1 – Understanding the Insurance Policy Language
The insurance providers know their business well, and probably their greatest weapon is the insurance policy agreement. Often, due to a lack of understanding of the agreement’s clauses, a policyholder can find themselves ineligible because of minor mistakes. That’s why understanding “Insurance Policy Language” is so important.
Based on this point alone, I’m sure you can see some benefits of having a public adjuster in your corner.
Your public adjuster will work on your behalf in a situation like this, analyzing the property damage, dive deeply into reviewing your insurance policy, and making sure every “i” is dotted and “t’s crossed, so your claim is processed quickly, smoothly, and for the maximum allowable amount.
Remember: Public Insurance Adjusters are independent insurance experts themselves, who deal with the policy providers on a daily basis, so they know how to handle and navigate every aspect of the insurance claim and settlement process.
Benefit #2 – You Get Experience On Your Side
There’s an old adage that goes like this…
When a man with money meets a man with experience, almost always the man with experience leaves with the money, and the man with money leaves with the experience.
Don’t let this happen to you!
Public adjusters regularly deal with the insurance claims, understand the tricks of the trade, and understand how to maximize their business’ profitability (and that means paying out the least amount to the policyholders.)
Your qualified public insurance adjuster allows you to level the playing field and punch up a weight class by utilizing their independent expertise and experience.
Benefit #3 – Estimating the Damage
Are you qualified to estimate property damage yourself? Do you trust the insurance estimators to do it for you?
You’d be surprised to know that the public adjusters are incredibly knowledgeable and experienced when it comes to preparing detailed reports of damage.
This report plays a vital role in determining the success of your insurance claim. Again, another important reason to have an expert in the insurance field is working on your behalf.
Benefit #4 – Save your Time
Applying for a claim isn’t just limited to submitting the information. There are several other aspects involved. For instance, you need to take photographs of the damaged area to show as evidence. Similarly, you’ll need to share information about the reported damages. The insurance company may request documents and details regularly.
Put simply, this process requires a lot of time and effort. You’re likely busy in your day-to-day life. So let me ask you – do you have time to handle all of this.
Again, a public adjuster takes care of these elements on your behalf so you may continue your regular daily routine being interrupted or bothered by the cumbersome insurance claim process.
Benefit #5 – Work With Licensed Professionals
In most states, public adjusters can only provide their services if fully trained and certified. Training and certification are certainly required for NY Public Adjusters, NJ Public Adjusters, and those in Pennsylvania.
They also must maintain and stay current with these certifications. So, when hiring a public adjuster, you can appreciate a level of comfort knowing that knowledgeable professionals are managing the claim.
Benefit #6 – They Represent the Policyholder
The insurance company may ask you to work with their adjuster to submit the claim. This is certainly not something we’d recommend. Why? Because in reality, whether they’re receiving kickbacks or commissions or some other benefit, they’re working in the insurance company’s best interest.
You could liken it to working with the other side’s lawyer in a divorce or personal injury.
On the other hand, the public adjuster represents the policyholder throughout the process.
Benefit #7 – Faster Resolution
The public adjuster should leave no stones unturned when processing an insurance claim. Here’s the thing: They’re incredibly familiar with the entire process of filing a claim, allowing them to process it and complete it in a fraction of the time it would take someone else unfamiliar with the process.
Moreover, this is what they do; it’s their full time profession. So when compared to a policyholder trying to process the claim during any free time they have, it should be no surprise that those who work with a public adjuster typically see a resolution in a fraction of the time compared to those who don’t.
Benefit #8 – No Upfront Cost
When you’re hiring a public adjuster, you won’t have to pay them a single penny upfront. Who doesn’t love a deal like that?
The public adjuster bears all the expenses on his own unless the claim is completed and settled. After the settlement, they will get a specific percentage of the claim based on your initial agreement.
Benefit #9 – Fair Claim Value
The public adjusters always go above and beyond the limits to ensure you get the maximum amount you’re entitled to.
In fact, statistics show those who work with a public adjuster, on average, see close to 3x the claim amount compared to those who don’t. In fact, you can see an exact statistic on the JF Public Adjuster homepage.
A public adjuster is a licensed professional who can help file an appropriate claim for your property’s damage, and the benefits of hiring a public adjuster are endless. They represent you with a high degree of specialized insurance industry knowledge and expertise, completely removing this complicated and stressful process from your plate.
To get an even great understanding of a Public Adjuster, you might be interested in reading our article entitled – What Is a Public Insurance Adjuster.
If you have a question and you’d like to speak to the experts here at JF Public Adjusters NY and NJ, we invite you to click the button below to contact us today.