Top 7 Myths About Public Adjusters Debunked

Public adjusters play a crucial role in helping homeowners navigate the often complex world of insurance claims, especially after significant property damage. However, misconceptions about their work and value can lead many homeowners to overlook their services. In this article, we’ll debunk the top 7 myths about public adjusters and shed light on how they truly operate.

1.  Myth 1: Public Adjusters Are Only for Large Claims

One common misconception is that public adjusters are only beneficial for handling large claims involving substantial property damage.

The Reality:

Public adjusters can assist with claims of all sizes, whether they involve minor roof damage or complete loss after a hurricane. Their expertise ensures that all types of claims are thoroughly documented and properly valued to maximize the payout.

2.  Myth 2: Public Adjusters Are Too Expensive

Many homeowners believe that hiring a public adjuster will cost too much and reduce their final payout.

The Reality:

Public adjusters typically work on a contingency fee basis, meaning they only get paid a percentage of the final settlement. This incentivizes them to secure the highest possible payout. Studies have shown that policyholders who hire public adjusters often receive significantly higher settlements, even after deducting the adjuster’s fee.

3.  Myth 3: My Insurance Company’s Adjuster Will Handle Everything Fairly

Some homeowners trust that their insurance company’s adjuster will fully represent their interests.

The Reality:

Insurance company adjusters work for the insurer and aim to minimize the payout. While many are professional and fair, their primary responsibility is to protect the interests of the insurance company. Public adjusters, on the other hand, work exclusively for the policyholder and focus on securing the most favorable outcome for their clients.

4.  Myth 4: Public Adjusters Can’t Get Me More Money Than My Insurance Company Offers

Another common myth is that public adjusters won’t make a difference in the final settlement amount.

The Reality:

Public adjusters are trained to identify overlooked damages and understand the full scope of what policies cover. They often uncover additional benefits or compensations

that insurance company adjusters might miss. This results in higher payouts for homeowners who use their services.

5.  Myth 5: Hiring a Public Adjuster Means I’m Suing My Insurance Company

Some homeowners fear that bringing in a public adjuster signals legal action against their insurer.

The Reality:

Hiring a public adjuster is not the same as pursuing a lawsuit. Public adjusters are licensed professionals who negotiate with insurance companies to ensure fair claim settlements. Their role is to facilitate communication and advocate for a higher settlement without the need for litigation.

6.  Myth 6: Public Adjusters Are Not Licensed or Regulated

A persistent myth is that public adjusters operate without oversight or regulation. The Reality:

Public adjusters are licensed and regulated by state departments of insurance. In Florida, for example, public adjusters must meet strict licensing requirements, pass exams, and adhere to state regulations to ensure they operate ethically and professionally.

7.  Myth 7: I Can Only Hire a Public Adjuster Right After Filing a Claim

Some homeowners think that public adjusters can only be involved at the beginning of the claims process.

The Reality:

Public adjusters can be hired at any stage of the claims process. Whether you need help after receiving an initial low offer, facing delays, or dealing with a denied claim, a public adjuster can step in and advocate on your behalf to improve your outcome.

Conclusion

Public adjusters offer invaluable support to homeowners navigating the complex insurance claims process. By debunking these myths, it’s clear that public adjusters are accessible, effective, and beneficial for ensuring that policyholders receive the settlements they deserve. If you’re facing a property damage claim, considering the services of a licensed public adjuster could be the best decision you make to protect your home and financial future.