Who pays for a public adjuster?

Technically, the policy holder pays the public adjuster, but most public adjusters charge a percentage of the final settlement. This means it is in the public adjuster’s best interest to get the policy holder the largest settlement possible. Though it might seem counterintuitive to pay a third-party when you are trying to maximize your compensation, the chances you will be treated fairly are increased when working with a public adjuster.

Who pays for a public adjuster?

Technically, the policy holder pays the public adjuster, but most public adjusters charge a percentage of the final settlement. This means it is in the public adjuster’s best interest to get the policy holder the largest settlement possible. Though it might seem counterintuitive to pay a third-party when you are trying to maximize your compensation, the chances you will be treated fairly are increased when working with a public adjuster.

Why do I need a public adjuster?

Insurance companies have adjusters working on their behalf and you deserve the same. A public adjuster interprets your insurance policy to determine what coverage you are entitled to and provides an analysis of the losses. Essentially, they are ensuring that you are treated fairly by the insurance company and that you get what you deserve. They might also have access to resources that can help you better support claim.

Why do I need help in filing an insurance claim?

It is possible to file your insurance claim on your own, but it is not advisable. This is because the average policyholder does not have the resources or experience that insurance company representatives have. As a policyholder, you deserve to have someone in your corner protecting your rights and ensuring you receive the compensation to which you are entitled. And because insurance policies are often complex and ambiguous, it helps to have someone with knowledge to help you sort through the details.

Will you help me receive a more prompt and satisfactory settlement?

Public adjusters do everything they can to ensure that policyholders receive a fair settlement as quickly as possible. Working with a public adjuster might extend the period of time it takes to ultimately settle your claim because of negotiations, but it will shorten the period of time it would take to negotiate a fair settlement on your own. Insurance companies want to settle for as little as possible as fast as possible and this results in cheating policyholders. Public adjusters protect against this.

What type of claims do you handle?

We are able to assist you in with claims related to a variety of different types of damage to your property, including fire and smoke, water damage from flooding or plumbing issues, sinkhole damage, and damage from weather or wind. If any type of manmade or natural disaster has caused damage to your property, it is a good idea to speak to a public adjuster so they can determine if your policy covers the damage.

My insurance claim is underway and I received an offer from my insurance company but I’m worried that the settlement amount is too low. Is it too late to hire a public adjuster?

No, it is not too late. As a matter of fact, you should have someone review the offer to make sure it is fair. If it is your first offer from the insurance company, chances are it is much lower than what you deserve and a public adjuster can help you determine a fair amount you should be seeking. A public adjuster can also help you negotiate the claim settlement and quickly settle the claim for the maximum amount.

Will I get a higher settlement if I hire a public adjuster?

Possibly. It is in the best interest of the public adjuster to get you as large of a settlement as possible because they receive their payment as a percentage of your settlement. Though working with a public adjuster does not guarantee a higher settlement, it increases the odds of getting one and ensures that the settlement you ultimately receive will be fair and based on the compensation you are entitled to as a result of your policy.

What is the difference between a Public Adjuster and the insurance company’s adjuster?

The primary difference is that a public adjuster is your advocate while an insurance company’s adjuster is working for the insurance company. Though it might seem as if the insurance company’s adjuster is in your corner, they are not. He or she is an employee of the insurance company and will do everything possible to protect the insurance company’s bottom line. A public adjuster is there to ensure you are treated fairly and that you receive the compensation you are entitled to.

Will I lose my coverage if I hire a Public Adjuster?

No. Hiring a public adjuster is perfectly legal and a perfectly normal thing to do. Insurance companies know that policyholders are entitled to working with their own adjuster, but it is not something they are going to encourage. However, they are not able to punish you by dropping coverage or increasing your rates if you choose to work with a public adjuster, even if they would prefer you not do so.

Common Mistakes in Flood Damage Claims to Avoid - LMR Public Insurance Adjusters

Flood damage can be devastating, leaving homeowners and businesses grappling with the aftermath. Navigating the insurance claims process can be equally challenging, and many property owners make critical errors that can hinder their recovery. At LMR Public Adjusters, South Florida’s premier public adjusters, we advocate for property owners to maximize their insurance claims with a personalized, dedicated team. In this blog, we will explore the common Flood Damage Claims Mistakes to avoid, ensuring you are well-equipped to handle your claim effectively.

1. Not Documenting the Damage

One of the most significant mistakes is failing to document the extent of the damage. Take clear photos and videos of all affected areas before any repairs are made. This evidence is crucial for supporting your claim.

2. Delaying the Claims Process

Time is of the essence when filing flood damage claims. Delaying your claim can lead to complications and may even result in denial. Contact your insurance company as soon as possible to initiate the process.

3. Misunderstanding Your Policy

Many property owners are unaware of the specifics of their insurance policy. Take the time to read and understand your coverage, including what is and isn’t included in your flood damage claims. If you have questions, consider reaching out to a public adjuster for clarity.

4. Underestimating the Damage

It’s easy to overlook hidden damages, such as mold or structural issues. A thorough inspection by a professional can help identify all areas of concern, ensuring you claim the full extent of your losses.

5. Not Seeking Professional Help

Attempting to navigate the claims process alone can be overwhelming. Engaging a public adjuster, like those at LMR Public Adjusters, can significantly improve your chances of receiving a fair settlement. Our team specializes in handling various types of claims, including water damage and flood damage, ensuring you have expert guidance throughout the process.

Conclusion

By avoiding these common Flood Damage Claims Mistakes, you can enhance your chances of a successful claim. Remember to document all damage, understand your policy, and seek professional assistance when needed. At LMR Public Adjusters, we are dedicated to helping you navigate the complexities of insurance claims with ease.

If you’re facing flood damage or any other type of property damage, don’t hesitate to reach out. Our team is ready to provide a free claim assessment and guide you through the claims process to ensure you receive the compensation you deserve. Contact us today at (954) 603-7174 or visit our website for more information.

Testimonials

Extremely knowledgeable and professional firm. The employees are fast, efficient and a joy to work with. We would not have been able to rebuild our home after Hurricane Sally without them. Highly recommend their services.

- Jennifer Medeiros

LMR is the best! Thorough, efficient and quite effective, in every way. Guy Hendel is our hero for the profession of public adjuster.

- Ronald Brauner

LMR Public adjusters did an amazing job for us, we're very pleased and impressed with their professionalism and prompt execution of our insurance claim.Special shout-out to Leor, our adjuster; very knowledgeable, diligent, organized. kept us informed each step of the way, he's a pleasure to work with. Most important; he gets results!! Thank you again

- Roy Shriki

Very efficient and easy to work with. Responsive and all around had a great experience with our claim. Highly recommend, as they are experts in the business!

- Narmar Hanna

Common Mistakes in Flood Damage Claims to Avoid