What are public insurance adjusters (PA’s)?
A Public Adjuster is an authority on loss
adjustments who can be retained to assist you in
preparing, filing, and adjusting of your
insurance claims. Public Adjusters work for the
insured, not the insurance company. Each state in
New England and most other states license Public
Adjusters.
What kinds of claims do PA’s deal with?
A Public Adjuster will adjust virtually
any
property damage claim such as fire, windstorm,
explosion, or other insured losses such as inland
marine, business interruption, rental income,
improvements and betterments, and additional
expense.
Why not just rely on the insurance company's adjuster?
Insurance company adjusters are trained
professionals who represent the interests of the
insurance company that employs them. The insured
can protect his interest by retaining an
accredited Public Adjuster. Public Adjusters,
with their expertise and knowledge, present a
more comprehensive claim in the most favorable
light for the insured, and thereby obtained a
better settlement.
Why do I need a PA to get what’s rightfully due to me?
The technical language of an insurance policy and
the complicated procedures an insured must follow
to comply with the policy’s terms are often
complex and confusing. Many important terms are
not even defined in the policy. A Public Adjuster
gives the insured the advantage of expertise
derived from representing thousands of insureds
who have faced similar technical problems. A
Public Adjuster relieves the insured of
time-consuming and difficult issues associated
with preparing and filing a claim. The result: a
prompt and fair settlement.
Most insurance company representatives prefer to work with an experienced, accredited Public Adjuster. An accredited Public Adjuster must adhere to a strict code of ethics established by the National Association of Public Insurance Adjusters (NAPIA). We are members of NAPIA, the Massachusetts Association of Public Adjusters, the Better Business Bureau and several other associations.
Most insurance company representatives prefer to work with an experienced, accredited Public Adjuster. An accredited Public Adjuster must adhere to a strict code of ethics established by the National Association of Public Insurance Adjusters (NAPIA). We are members of NAPIA, the Massachusetts Association of Public Adjusters, the Better Business Bureau and several other associations.
Why can’t I rely on my Insurance Agent to handle my claim?
An agent or broker is a representative of the
insurance company. They’re not generally trained
in the preparation and resolution of a
claim.
How does a PA determine the insured’s actual loss?
A Public Adjuster will take a physical inventory,
obtain all pertinent appraisals, and confirm that
all provisions of the insured’s policy have been
considered. The process involves numerous steps
that the inexperienced insured is unaware of.
These steps will significantly impact the final
settlement.
Why retain a PA before getting an offer from the ins. company?
Insurance companies pay close attention to their
bottom line. After an insurance company adjuster
has formed his initial impressions of a loss and
filed a report to the insurance company, it can
be difficult to change that opinion of the loss
and obtain a higher settlement. When a Public
Adjuster is retained initially, each potentially
thorny issue can be discussed and negotiated
without such difficulty.
Why not simply submit a contractor’s estimate?
Contractors are usually not insurance experts and
policy issues are not usually considered in their
bids. Their bids are often low and inadequate for
replacement costs because they are trying to
remain competitive. Contractors often don’t
replace everything that should be allowed at the
appropriate quality.
How much do PA’s charge for their service?
Public Adjusters work on a contingency basis and
are paid a percentage (as specified by each
state's insurance commissioner) of the insurance
company's payment. This fee is generally more
than offset by a significantly higher
settlement.