Public adjusters definition

Public adjusters means the insurance adjusters who do not work for any insurance companies. They work for insureds to assist in the preparation, presentation and settlement of claims. The insureds hire them by signing contracts agreeing to pay them fees or commissions based on a percentage of the settlements, or other method of compensation.
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Examples of Public adjusters in a sentence

  • Public adjusters may offer to help customers get more money for their insurance claims.

  • Amend subrule 55.14(1) as follows:55.14(1) Public adjusters shall ensure that all contracts for their services are in writing and contain the following terms:a.

  • Public adjusters represent the insured, while independent and staff adjusters represent the insurer.

  • Public adjusters, unlike company employee adjusters, operate independently and are not affiliated with any insurance company.

  • Public adjusters are employed exclusively by a policyholder who has sustained an insured loss.

  • Public adjusters directly contract with the person who is seeking coverage or benefits under an insurance policy or other kind of insurance plan.

  • However, you can negotiate for a lower fee.• Do not pay a public adjuster up front.• Public adjusters will not necessarily speed up your claim or obtain a larger settlement on your behalf.

  • Public adjusters are not con- nected with the insurance company and charge fees for their services.

  • Public adjusters can represent a policyholder in any type of insurance claim, not just property insurance claims.

  • RESTORATIONCOUNCIL, http://www.nirc4change.org/unlicensed-public-adjusting-penalties/ (last visited March 5, 2016).Public adjusters are heavily regulated insurance professionals that represent consumers in negotiations of first-party property damage claims with insurance carriers.5 Public adjusters are not affiliated with insurance companies.

Related to Public adjusters

  • Public adjuster means the insurance adjusters who do not work for any insurance company. They work for the insured to assist in the preparation, presentation and settlement of the claim. The insured hires them by signing a contract agreeing to pay them a fee or commission based on a percentage of the settlement, or other method of compensation.

  • Independent adjuster means an insurance adjuster required to be licensed under

  • Independent Certified Public Accountant means a person duly registered in good standing and entitled to practice as a certified public accountant under the laws of the place of his residence or principal office and who is in fact independent. In determining whether an accountant is independent with respect to a particular person, appropriate consideration should be given to all relationships between the accountant and that person or any affiliate thereof. Determination of an accountant’s independence shall not be confined to the relationships existing in connection with the filing of reports with the awarding authority.

  • Certified public accountant means an individual who is either of the following:

  • Public agency means the state or any local subdivision thereof, or any state or local department, agency, board or commission.