When you have damages to your property, there is a lengthy claim process you need to go through to obtain the compensation you need for your damages from your insurance company. During this, you will likely meet with the insurance company’s adjuster to determine how much you should receive for your damages. Should you work with them or hire a public adjuster to help you?
Making Money is the Main Goal
The main goal of just about every company or person is to make money. Insurance companies and public adjusters want to make money so they’re able to cover all of their bills and make a profit. When you’re considering whether or not you should hire an adjuster, you’ll want to think about more than what will cost you money. Consider who will help you get the money you need to recover from the damages to your property.
How Insurance Companies Make Money
Insurance companies make money off the premiums you pay every year. They lose money when claims are filed. To minimize their loss and maximize their profits, they’re going to pay out the minimal amount for any claim and will try to deny claims where possible.
Most people don’t realize the settlement they’re receiving is much less than what they should obtain because it covers enough of the damages. However, the insurance company is simply trying to maximize profits by minimizing their payout, which means the person is obtaining much less than they are owed for their claim.
How Public Adjusters Make Money
Public adjusters make money by helping people obtain a higher settlement. They typically work on a contingency basis, which means they don’t get paid until you get a settlement. If you don’t get a settlement at all, they don’t get paid.
A public adjuster is working for you. They get a percentage of your settlement, so the more you get, the more they get. They’re going to try to maximize the settlement you obtain because it means they can maximize the amount of money they’re paid for the work.
Who Is on Your Side?
When you need to file a claim for damages to your property, you want help from someone who is working for you and whose goal is to maximize the money you should obtain for your claim. You’ll want to make sure you get all of the money you deserve for your settlement.
An insurance adjuster sent by your insurance company is simply not going to be on your side because you’re not paying them. They’ll be working to maximize profits for the insurance company, which means minimizing the amount you’ll receive in a settlement.
To maximize your settlement and ensure you get all of the money you need to recover from the damages, hire a public adjuster. You’re paying them with a percentage of your settlement, so it’s in their interest to maximize the amount of money you receive in the settlement from your insurance company.