When do you need Public Adjusters? When do you need an insurance appraiser? When do you need insurance adjuster? How do you know when an insurance adjuster is needed? When do you need insurance appraisers?
You have heard about many public adjusters that you can hire to help with your claim. Do you know why an insurance agent may hire one? To file a claim for your insurance, you usually call your insurance provider first and report the event. When the claim is made, you fill out a form describing the damage and insurance amount. If the insurance provider determines the claim is justified, they assign a public adjuster to help you.
The job of NFA public insurance adjusters is to review your insurance claim and determine if it is valid. They collect data and information about the claims that are received, on a regular basis, to keep track of who is making claims for the damage or loss. Some insurance providers require these reports, while others don’t.
When should you consider hiring a public adjuster to help you make your insurance claim? When you have a claim that is high-value (i.e. expensive items) or you have a high number of losses or damages, you may need to hire an independent insurance claim consultant. Hiring an insurance claim consultant is often recommended to policyholders that feel they are being overcharged for their policy coverage. Insurance companies can never charge more than what they can cover in the event of an insurance claim.
Most insurance companies, however, prefer not to hire independent adjusters, because it costs them money to compensate an independent insurance adjuster for your claim. They also want to retain control over which independent adjusters they use in case something unusual occurs with your claim. Policyholders typically have a better chance of getting lower compensation if they work directly with insurance companies instead of hiring an outside independent adjuster.
There are two primary ways that policyholders can choose who they will hire to adjust their insurance claim: directly with the insurance company, or through an adjuster hired by the insurance company. Direct hiring of an adjuster has several advantages for the policyholder. When you hire an adjuster through the insurance company, you are usually limited to their network of adjusters and they are given more authority to make decisions about the settlement. The policyholder doesn’t have to spend time looking for the best adjuster. When you hire an independent adjuster, the policyholder does spend time searching for the best adjuster. When using an insurance company to adjust your claim, there is usually no limit to the number of adjusters the company will hire, although policyholders should still do research to make sure they are working with an experienced adjuster.
National Fire Adjustment Co.
1100 S Service Rd #222,
Stoney Creek, ON L8E 0C5