What to Expect of an All Lines Public Property Insurance Adjuster
A pensacola property insurance adjuster is a person employed by a property insurance company to assess the risk that a policyholder is likely to be sued because of loss or damage to his or her property. Claims adjusters usually investigate claims by speaking to witnesses, medical experts, and police and hospital reports to ascertain the extent of the liability of the property insurance company. They then assess the damages and take action if a claim has merit. If they determine a policyholder is not at fault for a loss, they will ask the insurance provider for payment. Claims adjusters are therefore responsible for collecting premiums from the insured, finding the responsible party, and making sure the person responsible does pay.
Insurance companies prefer to have their property insurance adjuster perform this task on their behalf. This is because it saves them money in terms of labor, time, and possible losses due to delay. Claims can easily be delayed for several months if proper investigations are not carried out within the first few days. This can cost the property insurance provider more money in the long run. As such, they are more likely to settle a claim early if at all possible.
Claims adjusters also assist attorneys in negotiating a fair settlement. Commercial property insurance adjusters may make themselves available to attorneys handling commercial property claims in order to solicit their services and maximize the amount they recover. For this reason, attorneys are much more likely to agree to reasonable settlement deals. If they do not, however, they may be forced to go to trial if at all they do not want to lose as much money.
All-lines public adjuster license holders enjoy a certain professional protection that most insurance agents do not. For instance, the state examination for a license is conducted by the division of the Department of Insurance. This examination is available only to those licensed by the division to administer insurance related activities. Because claims adjusters are state licensed professionals, they are allowed to sit for the examination given to anyone who wishes to become an all-lines public property insurance adjuster. This exam does not, however, cover all claims process professionals. Visit oceanpoint.claims/locations/
Property insurance companies may choose not to hire all-lines adjusters because it costs more to do so. However, the majority of their premiums go to pay benefits and damages that their clients will be able to recover from their insurer. Additionally, in many states, the state office that licenses claims adjusters is required to post a public notice about these examinations. This notice can be found on the state licensing board's website. Therefore, people who have all-lines examinations will be immediately aware of their availability.
It is important that all-lines public property insurance adjusters have access to information regarding how the law works. Property owners and policyholders are advised to ask their adjusters questions regarding various aspects of these exams, including the laws that apply to them. When these questions are not answered, or if the property insurance claims exam does not cover the claims being filed, clients may not receive full compensation. Additionally, should there be any issues with the property insurance claims exam, clients are advised to take their concerns to either their attorney or state licensing board, instead of directly approaching the claims' examiner. No matter how thorough an all-lines exam may be, individuals are advised to take the advice of their attorney, or state licensing board instead of directly approaching and asking for help concerning any pending property insurance claims. To get more enlightened on this topic, see this page: https://en.wikipedia.org/wiki/Public_insurance_adjusting.
