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.
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.