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The Benefits of Hiring a Public Insurance Adjuster if Filing a Claim in Thornton, CO.

Oct 14

Purchasing insurance can be an unpleasant task but it is a mandatory cost that provides financial security in situations where your home or possessions may be damaged.

Whenever unfortunate events like a fire or hail damage your roof, you should call your insurance agent as soon as possible. There were around 420,000 homeowners who filed claims to their insurance company in 2020 for flooding, lightning damage, or home fire.

True to their reputation, insurance companies often don't pay the full settlements that homeowners deserve. Insurer's duty is more toward their shareholders, so they have an incentive to provide less coverage than an applicant may need. It is no surprise that some homeowners experience delays or shortfalls in insurance claims.

In the event that you have to deal with large insurance claims, it may be necessary for you to hire a public adjuster. Before we get into what a public adjuster does, let's explain some of the benefits you'll experience when working with one.

The Process of Filing an Insurance Claim

The claims process begins when you call the insurance company's service department. After you lodge a claim, a representative will call up the adjuster to investigate and assess the situation. This insurance company-hired worker is only concerned with the interests of the company, not the interests of your family. Insurers, of course, want to pay out as little money on claims as possible.

The insurance adjuster will inspect your damages to determine an estimate of how much work it would take and, if they deem necessary, provide a settlement. If you believe that your settlement is insufficient, it may be time to engage the services of a professional public insurance adjuster.

A public adjuster will fight for both you and your insurer by negotiating with the insurance company on your behalf.

Public vs. Private Insurance Adjusters: What's the Difference?

Private adjusters represent the interests of insurance companies, while public adjusters are there for you. Private adjusters aim to settle claims for a low price, but the public adjuster aims to get you what is rightfully owed.

A private insurance adjuster is specifically hired to minimize payouts on your claims. Public insurance adjusters, on the other hand, are employed by Thornton residents who wish to receive fair compensation for their property damage claims.

It is natural that insurance companies that are profit-driven make a hefty sum each year. The question of public insurance adjusters may well arise in Thornton homeowners' claims where the need for an expert adjuster to determine damages is clear.

Does a Public Adjuster Have to be Licenced to Work in Thornton, CO.?

Colorado has strict standards for public adjusters. To become a LIC certified public insurance adjuster, applicants must complete in-depth training and show knowledge of a number of different areas, including policies, claims review, and inspecting damage or identifying hazards. Qualified public adjusters often also have a membership with their profession's professional organization.

A Thornton public insurance adjuster needs a license to work in Colorado. You can verify the legitimacy of your Thornton public adjuster by confirming their license status on the Colorado Department of Regulatory Agency website.

What Skills Should I Look for When Choosing a Public Adjuster?

Public adjusters should also be experienced with home and business insurance claims. Adjusters should also have negotiation skills as they work with insurance company representatives to reach an agreement. Additionally, you want someone who knows how to solve problems for you and is able to think of new ways to help you.

One of the many benefits of using Thornton public adjusters is that they are aware of all the appropriate laws and regulations for Thornton. This person should be able to provide you with information crucial to your claim, such three items as deciding how much of a settlement you desire.

It is also worth mentioning the emotional stress that comes from dealing with a significant property loss. It can be difficult to handle. A good public adjuster will be able to give unbiased settlement advice about how best to handle your loss.

Finding Damages that the Insurance Company's Adjuster "Missed"

If you endure a terrible disaster, there could be things that will need fixing that can't be seen at first glance. As part of their duties, public adjusters uncover things that the insurance company's insurance adjusters might have missed.

A public adjuster can help you figure out whether your insurance policy needs full or partial replacements for items damaged or lost in the incident. This is an important distinction because in some cases, the insurer will only have to cover the cost of repairing or replacing damaged property.

When you talk about a "full replacement" of an item, it could refer to either replacing the old one with new or repairing what was damaged or destroyed. For example, a house with burnt sections on the roof might need just sections replaced but still counts as a full replacement.

Can a Public Adjuster Secure a Larger Settlement for Me?

Public adjusters sometimes have the expertise and resources needed to increase an insurance settlement. Public adjusters generally have more time to devote to individual cases than staff adjusters without caseloads.

Because public adjusters are not employed by the insurance company, they offer people many advantages. They can negotiate with your insurer when you’ve made a claim for example and don't have to follow advice from the insurer like how much you should be compensated. They do this because they are working on your behalf to get a larger settlement for you.

Are There Any Downsides to Hiring a Public Adjuster?

The benefits of working with a public insurance adjuster far outweigh the potential drawbacks, but here are some issues to consider in Thornton:

  • Many public adjusters only work on major claims. Adjusters will only take on cases where the value is at least a certain amount of money. Smaller claims often aren't worth their percentage, so larger ones often get more attention. When hiring a public adjuster, do your research to find out what kind of work they specialize in.
  • Paying a public adjuster can get tricky. Usually, hiring a public adjuster does not cost an upfront fee, as the percentage is collected only from the final sum. However, in reality, there are some costs that get added on. One more fee is for service-related expenses like photocopies and postage or travel to and from client homes. Make sure to discuss the details with your agent about whether they will get paid directly or not.
  • It may take longer to receive your settlement. A public insurance adjuster has to bargain with your company and share information in order for your settlement process to be completed.

Will My Thornton Public Insurance Adjuster Advise if I Need Legal Help?

Public adjusters are not attorneys, and cannot offer legal advice. However, they can provide insight on how best to proceed with your claim. If you think that you may need help with your insurance claim from a lawyer, it is important to discuss this before moving forward with your public adjuster. Insurance adjusters can only advise and negotiate in areas in which they have expertise.

Ok. What do I do if I Think I Need a Public Adjuster for My Claim?

This Thornton public insurance adjuster article includes details about the importance of these professionals. Many say they are worth their weight in gold because they know how to navigate complex insurance claims and help you get your fair share.

If this sounds like what you need for your claim or project, please contact Public Insurance Adjusters of Colorado today so we can discuss how we can work together on an agreement that meets your needs and budget requirements! We look forward to hearing from you soon!


Public Insurance Adjusters of Colorado

450 Lincoln St suite 104, Denver, CO 80203

(720) 605-7181