Public Adjusters: How do they get their excise on Fire Insurance claim? Shouldn't the homeowner's insurance pay you _ONLY_ the cost of repair? ...
Shouldn't the homeowner's insurance pay you _ONLY_ the cost of repair? If so, how can someone make a 10% commission? Does the insurance foot additional fees if there is a public adjuster - specifically for the adjuster (versus appraising wound at higher rate)?
Answers: Public adjusters get their levy by overwriting the estimate both in scope and part prices and under delivering on repair. The Insurance company owes for the damages solitary. Not the fees assessed by the P.A.(Public Adjuster)
Now, the reality of the situation is when a P.A. is involved in a claim, the insurance company is invariably going to reward more than if the P.A. was not involved but this is not to pay the 10% duty assessed and this is not to say that the Home owner is going to reap the benefit of the additional money remunerated by the insurance company.
The P.A. represents you against the Insurance company. The operative term being "against". You don't want to be contained by an adversarial position against your insurer. When there is a P.A. involved the insurance company invokes formal claim handling and is less reluctant to impart "you" the benefit of doubt. The insurance adjuster is barred from discussing any aspect of the claim directly with you so if you hold questions and your P.A. is non-responsive or you feel that the P.A. is not looking after your best interests consequently you're S.O.L.
The only benefit of a P.A. is if the customer is foreign and the P.A. is fluent in the customer's terminology or if the customer does not understand concepts well and the P.A. is near to reinforce what the insurance company says.