5 Common Myths About Public Adjusters Debunked
If your home or commercial property has been seriously damaged, the insurance claims process can get complex. Luckily, public adjusters are in the business of taking that stress away from you and conducting a thorough investigation to secure an adequate settlement.
There are a lot of myths and misconceptions about public adjusters, but Americlaims is here to debunk them.
Myth #1: Public Adjusters Take Most of Your Settlement
Truth:
While your public adjuster will be paid a percentage of your settlement, it certainly won’t be the majority. Their payout is usually between 5 and 30 percent of your total settlement, and they do a great deal of hard work for that payment. Plus, because the adjuster is going to be paid from your settlement, they’re particularly invested in ensuring that you get as much compensation as possible.
Myth #2: Public Adjusters Raise Your Premiums
Truth:
If your insurance premium has been raised recently, it’s not because you’re using a public adjuster. Often, it’s due to a high volume of claims in your region, meaning everyone’s premiums are going up. Your insurer cannot raise your premium in retaliation for your use of a public adjuster.
Myth #3: Public Adjusters Commit Fraud
Truth:
When you enlist public adjuster services, their work is largely focused on investigation and negotiation with your insurance company. They do not use fraudulent or crooked means to get you a larger settlement; they lay out the facts with your insurer and negotiate based on those facts.
Myth #4: Using an Adjuster Will Cost You Coverage
Truth:
Many homeowners and entrepreneurs have heard that using a public adjuster will cause them to lose their insurance coverage, but this simply isn’t true. You won’t lose any coverage by hiring a public adjuster, but your insurer may bristle a bit at their negotiations. Hold firm to your conviction that you deserve a higher settlement, and let your public adjuster do the legwork for you.
Myth #5: A Public Adjuster Will Delay the Claims Process
Truth:
A public adjuster can expedite the claims process by investigating and filing paperwork in a timely manner. Having a public adjuster as your go-between with the insurance company can also streamline communications and help you settle the claim quickly.
If you’ve heard any of these common myths about public adjusting services, rest assured that all of them can be debunked. With a public adjuster on your side, you’ll see a fairer settlement for the damage to your property without needing to deal with a complex claim all by yourself.
