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Pros and Cons of Hiring a Wisconsin Public Adjuster

Working with a public adjuster

A public adjuster can often be confused with an insurance adjuster, but there are very important differences that set them apart. A public adjuster works with you to file insurance claims and negotiate a fair settlement, while insurance adjusters are looking to represent the insurer’s liability and coverage in their best interest. Let’s dive deeper into the differences between an insurance adjuster’s, and a public adjuster’s pros and cons.

Difference Between a Public Adjuster and an Insurance Adjuster

There is only one goal for the insurance company’s adjuster – to save money for the company. They are not looking out for your best interests. Insurance adjusters are looking to represent the insurer’s liability and coverage in their best interest. Rather than ensuring that you get a fair and accurate settlement, they are trying to give you the least amount of money possible.

A public adjuster works for YOU (on your behalf)! We are property claims experts you can hire to file your insurance claims and negotiate a fair settlement. Our goal is to make sure you get the money that you deserve and to hold the insurance company to its promises.

Public Adjuster Pros and Cons

Now that we have quickly gone over the differences between a public adjuster and an insurance adjuster, let’s talk about the pros and cons of hiring a public adjuster.

Pros

Higher settlement

higher-settlement

The biggest advantage to hiring a public adjuster is their ability to negotiate a higher settlement payout than if you were to file a claim alone. Unfortunately, insurance companies aren’t typically looking out for your best interest. Instead, they are more interested in collecting your premiums and giving you a claim that is far lower than what is fair to save more money.

When working with a public adjuster, you put pressure on the insurance company to negotiate fair payment because you are working with someone who can talk their language and fight for you. Typically, we get our clients 4 times more money than they would normally get if they handled the claim themselves. We have handled thousands of insurance claims so we know how to make sure you get a higher insurance settlement.

Guidance Through the Claim Process

There’s nothing unintentional about insurance policies being confusing. They’re filled with complex jargon and professional language, which can make it hard for you to understand, potentially resulting in a lower settlement. With our expertise in insurance, we can decipher the language and nuances.

Engaging a public adjuster can significantly improve your understanding of your coverage. Our role involves guiding you through your policy, clarifying its terms, documenting all potential losses, and identifying overlooked areas. Many individuals who manage their claims independently miss out on substantial amounts due to misconstrued policy language, often amounting to $10,000.00 or more.

Save You Time & Reduce Stress

Most people might never need to file a significant property insurance claim in their lives. So, when disaster strikes, it can be overwhelming and confusing to know where to begin with filing a claim for damage due to water, fire, or storms. This is where we step in to help. You don’t need to become an expert overnight because we take care of all the claim details for you. We aim to lessen your burden and save you valuable time.

Dealing with substantial insurance claims can be time-consuming and stressful. Between juggling work and family, the task of handling an insurance claim can add to your plate. This is where hiring a public adjuster can be a game-changer. A public adjuster takes on the task of inspecting and assessing the damage to your property. They then provide an estimate of the repair costs, accomplishing this in half the time you might have taken if you were to do it by yourself. Think of us as your helping hand, taking on the hard work so you can focus on what matters most.

Cons

Fees Reduce Payout

Public adjusters’ services are not free of charge. They usually earn by taking a certain percentage from the insurance claim you receive. This percentage is usually agreed upon beforehand and it’s paid only after your insurance claim has been approved and the amount is finalized. This may reduce your total payout from the insurance claim, but it’s important to remember that despite the percentage taken by the public adjuster, you often end up receiving more from your insurance company than you would have without their help. Essentially, the services of public adjusters often pay for themselves as they help you gain a much larger settlement.

Some Adjusters Don’t Handle Small Claims (but we do!)

If your claim is of a smaller magnitude, it might be more beneficial for you to handle it yourself. Not every public adjuster is willing or equipped to manage smaller claims. Hence, getting clarity on this from the beginning is crucial. At Fortitude, we stand out from the rest! We are ready and willing to assist you regardless of the size of your claim. However, it’s worth noting that not all public adjusters bring the same level of experience or skill to the table. Therefore, thorough research and a careful selection process are essential when choosing a public adjuster.

Timing Can Delay the Process

When is the best time to involve a public adjuster? The sooner the better. If you wait to hire a Public Adjuster until your claim is denied, the process can be delayed. Although we have no issues helping with denied claims or disputing a settlement, we rather get it done right the first time! As we mentioned above, hiring us right away can speed up the process. Insurance companies are great at getting policyholders to agree on things that ultimately hurt them financially. We help prevent this!

Recap

Using a Public Adjuster comes with many perks, such as saving you time and making the claim process less of a headache. However, the most significant benefit is that it can lead to you getting a larger payout. In simple terms, Public Adjusters are professionals who are there to serve you and make the insurance claim process smoother and more profitable for you.

Not sure what to do before a property damage insurance claim? Unsure if you are able to get a higher settlement? If you are interested in learning more, contact us today!

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