What Are The Benefits Of Hiring Public Adjusters?

If you have a house in Miami, Florida, it might face damages from water leaks, mold formation, storms, vandalism, etc. Because of its proximity to the tropics, the chances of a hurricane damaging it are pretty high. When that happens, you must file a claim with your insurance company, which is obliged to provide you with sufficient compensation.

But if they deny your claim, postpone it, offer an inadequate payout, or create impediments, the best option is to hire public adjusters Miami FL. Adjusters are professionals who will help you receive a satisfactory settlement while handling the claims process and negotiating with the insurance company. What are the benefits of hiring them, and how can they help you? Read on to know more about it.

Why do insurers deny your claims?

Your insurance company might deny you coverage money for several reasons. You could have missed the deadline, or they could claim the compensation is lower than what the insurance covers. They could also refuse to entertain your claims because of insufficient documentation or inconsistency in the damage report. Even if you don’t miss the deadline, have the required documents, and are qualified for compensation, your insurer might create various problems. 

How can a public adjuster help you in such situations?

Hiring a claim agent is beneficial for several reasons, and here are a few you should know.

1. Negotiate with the insurance company

A public adjuster will ensure you get a satisfactory settlement. They will negotiate with the insurance company on your behalf and provide them with all the necessary information. Miami, Florida, has one of the costliest homeowners insurance premiums in the USA, with an average expenditure of 1,988 USD$, and the insurers must ensure you receive coverage whenever required. 

2. Assess the damage and file the claim

Adjusters are professionals who understand the intricacies of the claims process. They know what the insurers require and work accordingly to provide that. An adjuster would visit your property and take account of the damage caused while paying attention to even the tiniest details. For instance, if your property suffers from a roof leakage, they will mention the damage source, intensity, and extent in their inspection report.

They will assist you in filing the claims form and entering authentic details. According to the 2021 Florida Statutes, all claims should be approved by the Insurance Regulation of Financial Services Commission office. You can depend on your claims agent in Miami to handle these processes. 

3. Ensure the insurer acknowledges your claims

The Homeowners Claims Bill of Rights in Florida, which applies to Miami, makes it incumbent upon the insurance company to acknowledge the claim within 14 days of its filing. If you have made a written request, they should provide you with a statement informing you of your claim’s status. The adjuster will ensure they respond to it after filing it and provide details of the settlement you will be receiving.

If they offer an inadequate payout, your claims agent will negotiate with them and help you obtain a fair amount. You must keep the original receipts, photos, and videos of the repairs, for the company might want them later. A study carried out by the Office of Program Policy Analysis and Government Accountability (OPPAGA) found that policyholders who hired adjusters in Miami received 700% higher settlements than those who didn’t.

Do public adjusters require a license?

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All public adjusters in Miami and Florida should possess a license and should have been working as an adjuster for at least a year. The state also prohibits them from having a license in another state. You must check whether the adjuster is licensed before hiring them. 

These are some benefits of hiring public adjusters in Miami, FL. From saving you time to ensuring adequate settlement, they will help you receive the payout you deserve.