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What is the difference between an independent adjuster and a public adjuster? There are several different types of claims adjusters. An independent adjuster is contracted by an insurance company ...
Public adjusters are licensed to work independently on behalf of policyholders and are not employees of the insurance company. Independent insurance adjusters, on the other hand, are somewhere in ...
This page was last edited on 4 April 2024, at 21:52 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
Policyholders may hire their own public adjusters to negotiate settlements with the insurance company on their behalf. For policies that are complicated, where claims may be complex, the insured may take out a separate insurance-policy add-on, called loss-recovery insurance, which covers the cost of a public adjuster in the case of a claim.
A public adjuster's allegiance on handling the claim is to the insured, not the insurance company. A public adjuster is required to be licensed by the State Department of Insurance in the state in which the public adjuster is handling claims. Source- NAIC; Adjuster: A person who makes a determination of a claim, especially a claim against an ...
Your adjuster should be licensed: You can use the directory of the National Association of Public Insurance Adjusters (NAPIA) to find a licensed public adjuster in your area and check the details ...