Public adjusters charge an average of 15 to 20 percent of the final settlement amount, though some can be as low as 10 percent. They typically only charge a percentage of the settlement, as opposed to an initial charge for their services. Some states have a cap on the fee that public adjusters can receive.Continue Reading
The public adjuster helps out people who are filing a claim against their insurance company. The adjuster helps appraise the damage caused, gets an estimate together and provides the claim documentation. Adjusters can also negotiate with the insurance company���s handler to help people get more money from their settlement.
Getting a public adjuster is completely optional, though often recommended. In some cases, an insurance claimant hires an adjuster because he doesn���t understand the paperwork or doesn���t have time to deal with the negotiation involved in getting a settlement. People who need settlement money due to a high amount of damages often want to increase the likelihood of successful settlement. Bankrate recommends hiring a public adjuster only if the estimated damages total $10,000 or more.
Insurance claimants can find public adjusters by checking with organizations such as the National Association of Public Insurance Adjusters and state departments of insurance.Learn more about Salaries