How does a Public adjuster get paid?

If you’re in need of a public adjuster to help you navigate the complex process of filing an insurance claim, you may be wondering how exactly public adjusters get paid.

A public adjuster is a professional who works on behalf of policyholders to help them get the maximum payout for their insurance claims. They are independent contractors who are hired by policyholders to negotiate with insurance companies and help with the claims process.

So, how does a public adjuster get paid?

In most cases, public adjusters are paid on a contingency basis, meaning they only get paid if they are able to get the insurance company to pay out on the claim.

The public adjuster's fee is typically an agreed-upon percentage of the payout they are able to negotiate from the insurance company. This percentage can vary depending on the complexity of the claim and the amount of work involved. Typically, this percentage will be between 10 and 30% and the earlier in the claim process you hire the adjuster the lower the percentage will be. In some cases, such as your claim going to appraisal or litigation, public adjusters may charge an hourly rate for their services.

Another factor worth noting is that, because the work involved in negotiating a claim with an insurance company is often time-consuming and complex, the percentage-based fee structure does mean that public adjusters are typically only interested in representing larger insurance claims where at least $50,000 is in dispute. If you are seeking help with your claim but are afraid it may not be large enough for a public adjuster to take it on, don’t worry! Public adjusters aren’t the only option for getting help. If you’re up for doing a bit of research, United Policyholders offers a wealth of knowledge to help you better understand the claims process. Or Tugboat.claims offers free online tools to help you manage your claim and will even draft custom letters for you using the same arguments as a public adjuster at a fraction of the cost.

Overall, public adjusters can be a valuable resource for policyholders looking to maximize their insurance payouts. While they do charge a fee for their services and they aren’t typically interested in the average claim, the expertise, and experience they bring to the claims process typically more than pays for itself.