A Public Adjuster works on behalf of the policyholder as an advocate for the settlement of the insurance claim. They perform the work of appraising and negotiating the insurance claim on behalf of the claim holder. They are licensed under the state departments of insurance and they are the only genre of adjusters who can legally represent the rights of the insured during a property insurance claim process. The public adjusters charge a certain percentage of the settlement, which ranges from about 10% to 15 % on an average. After a disaster, they fist access the damage, prepare an estimate, after assessing the insurance policy, they determine the coverage and negotiate with the insurance company's adjuster.
Florida public adjusters almost work on the same manner. They have earlier worked with major insurance companies as adjusters but now they are work for either public adjusting firm or on a freelance basis. However, people often confuse between a public adjuster with that of a private adjuster. A Public Adjuster works on behalf of the policyholder and is not associated with any insurance company but on the contrary, a private adjuster works as an agent for a particular insurance company. The Florida public adjusters immediately reach the spot of a natural disaster to access the amount of property damage of the victims, thereby, facilitating them in their claims after a property loss. For this same reason, the Florida Department of Financial Services licensed the Florida Public Adjusters to give them a legal authorization in their venture. They only charge a small percentage of the claim that is settled, without putting any extra burden on the policyholder.
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The Florida Public Adjusters conducts a four-stage property settlement process. The first stage is determining the policy coverage, where the rights and responsibilities of the policyholder are determined. In this stage, the provisions of the insurance companies and the limitations on the part of the policyholder are also determined. The second stage is the documentation of the claim, which is required to prove the full extent of the loss one suffered. In this stage, the consultants provides a documentation process to determine content estimates, loss of income, structural estimates, additional living expenses etc. The next stage is the presentation of the claim, where after the total assessment of the losses suffered, they are presented in front of the insurance company for negotiations. The last and the most vital stage is the negotiation of the claim, where the Public adjusters with their skill and expertise maximize the settlement.