Who is an insurance adjuster?
An Insurance Adjuster, also known as Claims Adjuster, is a professional whose job is to investigate a claim to establish whether a company can be held legally responsible and to what extent they can be. Businesses and even individual hire these professional when they need help in filing a claim or when they are uneasy about an insurance company’s offered amount.
They are property loss professionals and they are the only ones in that profession who work on behalf of policyholders. Insurance adjusters or Public adjusters can assess and negotiate claims for flood, hurricane, fire and other natural disasters. Also, loss of property might cause the loss of business income, which makes it also eligible for evaluation.
What does an insurance adjuster do?
As it is obvious, Insurance Adjusters are highly trained professionals in the field of Insurance policies, filing of claims and adjustment of claims. They usually work independently, using sophisticated software for the evaluation of their client’s property loss. They know exactly the processes involved in logging and submitting initial and supplemental claims and are very skilled in carrying out the processes. They are better equipped, compared to average policyholders when it comes to estimating the loss incurred from a property loss.
Insurance Adjusters also help their clients to negotiate professionally with their contractors and with the aim of getting better settlements with their insurer. The Contractor and Adjuster usually negotiate directly at the site of loss. The Adjuster contacts the insurance company via mail, unless any unavoidable circumstance comes up.
Why do you need an insurance adjuster?
You probably have heard a couple of reasons for hiring these professionals. Here are some few tested and trusted reasons however, to clear your doubts:
- Protection – Protection from what exactly? You may ask. To hire an Insurance Adjuster protects you from the various unforeseen difficulties and losses that you may encounter due to inexperience.
- Stress Reduction – The fact that someone else does the job explains this already. However, it is not just somebody else doing your chore for you. This is a time consuming process that needs a professional to deal skillfully and tirelessly. Not being experienced or trained will definitely make the process a stressful and consuming one.
- You Have Nothing To Lose – Apart from the fact that a lot of Insurance Adjustment firms offer to visit your site of loss to help you determine the extent of the damage and to know if an insurance claim should be filed for no charge, it is advisable to hire a professional. Here’s why; they have worked with quite a number of persons in many cases before yours, so the adjuster’s experience can guarantee that he won’t estimate below the actual cost and would be accurate in their calculations. An ordinary policyholder might actually forget some important things and might even leave out some others based on ignorance.
- Surety – Two heads are better than one, as it is popularly said. Even if you as a policyholder are sure of the value of your property loss, it won’t hurt to get a second opinion. This will keep you on your feet standing tall during negotiations. If eventually the insurance company is not handling the claim properly, or if you’re not convenient with the company’s decision and their interpretation of the wording, you can hire an Insurance Adjuster. Having decided the value with the adjuster in the first place makes this easier for you to do.