When we talk of public adjusters, most think of the adjusters hired by the policy owner to collect payments from the policyholder. Though this is a common, and a very important place for them, to work, it is definitely not the only place they work. There are many public adjusters who have the opportunity to work in corporate America, Law Enforcement, Civilian courts, and Public Schools.
These public adjusters are responsible to the policyholder (the policy holder) but they have clients before them. An adjuster may decide to work with the policyholder for a certain amount of time and then they can decide to take on a new client. There is no binding contract between the adjuster and the policyholder as to how much they will adjust the policy for, but as the policyholder the you have the power to decide how much they will adjust the policy for.
One important thing to understand is that the adjuster only takes on a policyholder if they are capable of paying the policyholder the rate the public adjuster has agreed to take on the policy. Though they may have the right to raise the rate due to the good service they’ve received from the policyholder, they can not increase the rate until they receive payment from the policyholder.
So what are the benefits of hiring a public adjuster? The answer is simple: you get the help of an experienced advisor and they will provide you with a fair price. They will not take on policies just because it is on their list, they will talk with you and try to determine your case, not just take the policy away from you. You get a lawyer-like adjusted rate that will keep your total cost down. You get a policy with a client for a longer period of time, and will not have to cut your hours or shift your hours around to meet the policyholder’s needs. There are hundreds of thousands of policies available, and as more and more policies are found to be in default, the opportunities for the policyholder increase.
A public adjuster will help you determine your total cost, but you must understand that there are several factors that affect the rate, and the rate is negotiable. One thing you do know is that the rate is negotiable, and you can negotiate to get a rate that is right for you and your policy. While it is possible that you might have to cut your hours or shift your hours around to get your total cost down, the chances of that happening are very remote. Of course, this depends on your circumstances and on the policy you are negotiating with.
In summary, a public adjuster is not something that will be needed all the time. The service is very simple, the service is simple to use, the service is simple to understand. In addition, they are only required to notify you of any changes they make to the policy, so you have plenty of time to prepare for them. But when you need the service, they will be here when you need them.
