Have you ever been confused about the different types of adjusters involved in your insurance claims? You are not alone! Many homeowners struggle to understand whether they should work with a public adjuster or an insurance adjuster when filing a claim.

This article aims to clarify the differences and help you make informed decisions regarding your insurance claims.

Understanding the Roles: Public Adjuster vs. Insurance Adjuster

To effectively navigate the world of insurance claims, it’s crucial to grasp what distinguishes a public adjuster from an insurance adjuster. While both types of adjusters assist policyholders in resolving claims, their allegiances, expertise, and approaches vary significantly.

Who is a Public Adjuster?

A public adjuster is an independent claims adjuster who works on behalf of you, the policyholder. Their primary goal is to advocate on your behalf to ensure that you receive a fair settlement. Unlike insurance adjusters, whose role is to work for the insurance company.

Public adjusters are compensated based on a percentage of the settlement they secure for you. This generally ranges from 5% to 15%.

What Does an Insurance Adjuster Do?

An insurance adjuster works for the insurance company. Their job is to look at claims, decide who is responsible, and figure out how much money should be paid.

Since they work for the insurance company, they try to keep costs low. This means they might offer less money. This could be unfair to the person making the claim.

Key Differences Between Public Adjusters and Insurance Adjusters

Recognizing the differences in their roles can be pivotal when filing a claim. Here are some crucial points to consider:

Representation 

Public adjusters represent you. While insurance adjusters represent the insurance company.

Fee Structure 

Public adjusters charge a fee based on the claim settlement. Insurance adjusters earn a salary.

Motivations 

Public adjusters aim for maximum settlement. Insurance adjusters work to minimize company payouts.

Expertise 

Public adjusters often have in-depth knowledge of policy interpretations. While insurance adjusters may focus on company policies.

Services 

Public adjusters offer comprehensive claim assistance. Whereas insurance adjusters are limited to the company’s guidelines.

When Should You Consider Hiring a Public Adjuster?

If your insurance claim is for big damages or if you think your insurance company is not giving you enough money, a public adjuster can help. They are experts in talking to insurance companies and making sure you get a fair payment.

They also look at the situation fairly. This is helpful when things get complicated.

Deciding on the Right Adjuster for Your Needs

Ultimately, the decision between a public adjuster and an insurance adjuster may depend on your claim’s complexity and the extent of your damage. If you’re facing challenges or feeling overwhelmed with your claim, seeking out a public adjuster could substantially ease your burden.

By tapping into millerpublicadjusters.com/wisconsin-public-adjusters, you can navigate the often complex and confusing world of insurance claims with confidence.

Public Adjuster or Insurance Adjuster: Choose Wisely!

It’s important to know the difference between public adjuster and insurance adjuster when dealing with an insurance claim. Picking the right one can help you get a fair settlement. A public or third party adjuster works for you, not the insurance company, and will do their best to make sure you get the money you deserve.

So, take control of your insurance claims process today! 

For more legal tips, check out our blog posts.