A public adjuster was sentenced last year to seven years in prison for embezzling $400,000 from Los Angeles County fire victims by cashing insurance claim checks that were meant to help rebuild homes. Public Adjuster Pros and Cons [Homeowners Guide] 1. In most cases, a public adjuster is not needed, says Jeff Zander, the CEO of Zander Insurance. The public adjuster represents the homeowner to the insurance company when that homeowner files a claim. If someone has done a good job for a friend or family member, chances are theyll work hard for you. Insurance fraud is a serious offense and not many adjusters get away with it. You face a home insurance claims process that could easily stretch out for some time, require detailed paperwork and leave you mentally and physically exhausted.. The contractor offers to handle the claim on behalf of the homeowner. In many cases, however, this person is trying to take advantage of a homeowner in a vulnerable situation. We are so happy we did and should have done it much sooner! FALSE: Public Adjusters MUST be fingerprinted and pass a background check to apply for a license. The Emerged Hail Risk: What the Hail is Still Going on and Getting Worse? Not only that, but they are NEVER aloud to apply for licensure again. Depending on the state, licensed public adjusters are required to prove competency in a variety of ways; written examination, experience time frames, and background checks. What Is A Public Adjuster And Should You Hire One? - Forbes Not only are criminal charges frowned upon, they lead to a permanent bar from being able to even apply for licensure. There are both complaints and compliments about this company on this site. 4 years ago I retired, I then had a claim at my house. If the damage is substantial, the pros of using a public insurance adjuster outweigh the cons. While your insurance carrier can choose to non-renew your policy for ANY reason they see fit after your policy period is up, they cannot suddenly drop your coverage because youve decided to hire an advocate. I hired Metro Public Adjustment to assist me in making sure that my fire claim paid me enough to cover the damages that were done to my property. Unlike an insurance company adjuster, a public adjuster advocates exclusively for policyholders, says Tim Cornett, president of the Florida Association of Public Insurance Adjusters. As far as the homeowner knows, the roofer has done a good job. . A public adjuster is a professional claims handler/claims adjuster who represents the insured/policyholder in their insurance claim. That appraisal company was also connected to Correct Claim. Heres how the scam works: The problem with storm chaser scams is that the repairs may seem adequate to the untrained eye. All you need is a last name to verify the public adjusters license is active. But they say after they signed the contract, the adjuster said it could take 6 months. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site.
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