Read this Before Filing an Insurance Claim in Aurora, CO.
If you have recently filed an insurance claim in Aurora, CO. you probably know that insurance adjusters who work your case for your insurance company may not have all of your best interests at heart. This can cause a lot of frustration if the settlement does not meet your expectations.
Public adjusters work for their clients and are independent of any one insurance company. They are not paid a commission by an insurance company, therefore, their work is only motivated by the desire to make sure that their clients get just compensation as may be required.
What are the Differences Between a Public Adjustment Firm or an Individual Adjuster?
There are advantages and disadvantages to hiring an individual public adjuster over a firm. An individual public adjuster will have the freedom to work on your claim without having to consult with anyone else, but he or she may not be able to conduct his or her own investigation as effectively as members of a larger team.
A public insurance claims adjusting can be complicated and require many resources. With a team of public adjusters, you can have access to more resources than your individual public adjuster can. Some firms may be able to offer you additional benefits such as the opportunity to receive a second opinion on your claim or other discounted services that are available for clients of particular adjustment firms.
An individual adjuster, however, can offer personal service that is not available when you work with a larger firm. It can be simpler to communicate your needs and concerns with one adjuster instead of several, which may lead to better communication between you and your public insurance adjuster.
What is the Job of a Public Insurance Adjuster?
The public adjuster will thoroughly investigate your case and ensure that you receive fair compensation for your loss claim. He or she can also help in other areas such as finding damages that a private adjuster may have missed or determining if you will need legal representation to take on your insurance company.
Public adjusters provide many benefits for clients. They are trained in law, risk management, construction, and insurance. This unique knowledge can help you resolve any disputes that may arise during the insurance claim process. You may also have additional time with your public adjuster, as opposed to a private adjuster, because a private adjuster will generally have a much higher volume of business and a busier schedule.
How are Public Insurance Adjusters Compensated?
Public adjusters are compensated by a contingency fee, which is based on a percentage of your settlement. This means they make money only if you make money from your insurance claim and will work as hard as possible to ensure that you are happy with the results.
The amount of the contingency fee depends on the type of case and varies according to the state or city that you live in. In Aurora, the fee is 35% of the first $100,000 covered by insurance and 20% for any amount over $100,000. The public adjuster will receive his money only if you make a net recovery from your claim.
Although not required by law, some public adjusters offer their clients a "contingency protection plan." This means that you will be guaranteed to receive at least the compensation offered by the insurance company and your public adjuster will not deduct from this amount.
Should a Public Adjuster be Licenced to Work in Aurora, CO.?
Just like a private adjuster, public adjusters must be licensed by the state of Colorado. You can confirm whether or not an insurance claims public adjuster is active in any given city by checking the public adjuster's license status on the Insurance Commissioner's website at http://www.dora.state.co.us/insurance/.
Some Public Adjusters, however, work under the license of another individual or firm. The company with which they are affiliated will inform you whether or not the public adjuster is working under their own license or a general public adjuster's license. If you are working with a public adjuster who is also affiliated with a private adjusting company, he or she will still be able to work under the umbrella of that business and can provide you with all the same services.
Is it Important to Hire an Adjuster with Experience Working in Aurora, CO.?
Yes, it is important to hire an adjuster who works in Aurora, CO.. A public insurance adjuster will be familiar with the laws and codes that govern your policy.
There are various types of policies that may not appear to have anything in common on the surface but do require different investigation tactics from a skilled adjuster. Insurance claims public adjusters who have worked claims in Aurora. in the past will know what type of investigation is most effective in your case.
Finding a public insurance adjuster who has worked with claims in Aurora. can also help you avoid mistakes that inexperienced public adjusters might make. For example, some public adjusters may neglect to include certain damages or items in the claim, which could affect the amount of money that you will receive.
What if I need to Take Legal Action?
Yes. If you find that your Aurora public insurance adjuster is unable to negotiate with the company and settle on a fair amount of compensation, he or she will advise you to pursue legal action if necessary.
Public insurance adjusters are bound by law to provide their clients with honest advice about their claims and how they can proceed after hiring an adjuster.
Can I Still Communicate with My Aurora, CO. Insurance Company After Hiring a Public Adjuster?
Yes, you can still communicate with your insurance company after hiring a public adjuster. Public adjusters are required to provide you with a detailed statement of the compensation they think that you should receive from the insurance company before they take any action on your behalf.
If your Aurora, CO. insurer offers any additional money or if the adjuster believes that your insurer is not offering enough money, you can discuss this with both the public insurance adjusters and your insurer.
There is a chance that you may need to work out a mutually agreed-upon settlement with your insurer. In such a case, your Aurora public adjuster will be able to advise you on what course of action is best in order for you to receive your deserved compensation.
Recap: Hiring a Public Insurance Adjuster in Aurora, CO.
If you want to know how a public insurance adjuster can help your claim, the bottom line is that they will be able to negotiate with your insurer for more money. A public insurance adjuster can also offer other benefits such as giving you access to discounted services or second opinions on your case.
If it ends up that legal action comes to be essential, a private adjuster may not have the resources as well as expertise of law practice when it involves managing these points. This why we suggest that you get in touch with Public Insurance Adjusters of Colorado. Do not hesitate to contact our group of experts at any time by emailing [email protected].
450 Lincoln St suite 104, Denver, CO 80203