What You Need to Know About Property Casualty Insurance Adjusters
Property insurance adjusters are licensed by the Florida Department of Financial Services to inspect property for safety. They are highly trained professionals that work to help homeowners keep their coverage in full force. Their primary duty is to investigate claims by contacting the insured, investigating medical and police records, and examining property damage to identify the scope of the property insurance company's liability. Claims adjustors collect premiums, find the insurer's liability limits, and communicate with the homeowner and the insurer to ensure proper coverage is maintained. Click this article for more details on commercial property claims.
Florida has a large number of commercial property claims because of a steady growth of both residential and mobile homes throughout the state. This growth means that there are more claims filed each year, and that the ratio of claims to covered coverage issues is higher in some areas than others. Commercial property insurance adjusters follow a specific process to analyze claims thoroughly and make sure that all involved parties receive proper compensation. Commercial property claims adjusters are responsible for making sure that proper guidelines and laws pertaining to these types of insurance matters are followed in order to ensure that the process runs smoothly and that everyone involved in a property loss situation receives appropriate compensation. Visit this page for more details on commercial property claims adjusters.
Florida residents who are interested in learning more about property insurance claims should visit their local Department of Financial Services office. These agencies maintain lists of licensed property insurance adjusters, agents, and other professionals licensed to work in this field. They also have online educational resources for policyholders and companies to consult when filing a claim. If you are considering hiring an agent or professional to handle your policy, you should be aware that not all adjusters and agents practice fraud proof. Therefore, it is important that you ask the question, "Is the agent or professional licensed to handle this type of case?" before letting them handle your claim.
The next step that you should take after finding a suitable property casualty insurance adjuster is to sit for a state examination. In order to be licensed to practice claims adjusting in the state of Florida, you will have to pass the state examination. This examination can be performed at any number of approved test centers across the state.
After passing the state examination you will become a licensed public adjuster. Once you have been certified as a CPA, you will begin to handle claims that come across your desk. Claims from insurance carriers, homeowners, property owners, lenders, employers, and others all come across the desks of your professional. As a public claims adjuster you will receive a paycheck from the insurance carrier to which you are responsible for making a successful claim settlement. Your role as a public adjuster is very important as you must act swiftly and fairly in every instance.
The State of Florida specifically draws up and administers the Life Insurance Settlement Act. That being said, that Act contains a relatively comprehensive exemption policy regarding the handling of death claims. It provides that an insurance carrier shall not be held liable for a claim unless it proves beyond reasonable doubt that the claim was made as a result of gross negligence or willful misconduct on the part of the carrier. To this end, all-lines adjusters must carry a strong awareness of the Life Insurance Settlement Act and all applicable Florida statutes of consumer debtors. Check out this post that has expounded on the topic: https://en.wikipedia.org/wiki/Public_adjuster.
