How is a Public Adjuster compensated?

The Insured pays the Public Adjuster typically directly out of settlement proceeds issued by the Insurance Company.  The rate of pay for the Public Adjuster is usually based on a percentage of settlement proceeds (not to exceed 10%).  This fact alone gives the Public Adjuster incentive to get you the maximum allowed under your policy.

The Public Adjuster’s experience and efforts should pay for themselves.  The theory is they will get you a greater recovery than you would get without them.  This is not guaranteed but often times can be much greater.  And best of all they take on the blunt of the burden in filing and settling the claim on your behalf.  Their commission is earned!

Example #1: you have a fire.  You have $100,000.00 of coverage.  After weeks of effort your Insurance Company offers to settle for $50,000.00.  You believe the damage is much greater but there is no convincing the company adjuster!  You eventually give in and want to put the matter behind you.  You need money and after all $50,000.00 is a lot of money.
Example #2 you have a fire (same coverage as example #1).  You hire a Public Adjuster who deals with the insurance company for you.  After the same amount of time (and maybe sooner) a settlement is reached for $75,000.00.  After paying the Public Adjuster’s fee (10% or $7,500.00) you are left with $67,500.00.  You recovered considerably more and had to do considerably less.

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