When it comes to getting paid for their services, public adjusters in Florida have a unique system. Unlike other professionals, they don't charge an upfront fee. Instead, they take a percentage of the settlement you receive from your insurance company. This percentage can vary from one adjuster to the next, so it's important to shop around and find the best one for you.
Generally, public adjusters get paid when you accept your insurance company's final offer. This is usually the only time they receive payment. You don't have to pay them anything until you get your final payment from your insurer. It's important to remember that any company needs to be compensated for its services, and Noble Public Adjusting Group is no exception.
An experienced public adjuster should be able to estimate how many hours they will spend processing your claim in advance. Make sure that the rate agreement includes a provision for periodic and detailed billing. It's also important to note that while public adjusters are knowledgeable about Florida's statutes related to property insurance claims, they don't practice law and don't have experience dealing with insurance companies in court. Before signing any contract, it's important to remember that public adjuster fees are negotiable and that Florida has specific rules they must follow.
It's also essential to be aware of potential scams. If a public adjuster isn't willing to put their fee agreement in writing, it's best to look elsewhere for help. A Florida public insurance adjuster is a licensed and bonded professional who can help policyholders after an insured loss. They must comply with a strict code of ethics and be licensed by the Florida Department of Financial Services.
If you're facing a complicated claim or need help negotiating with your insurer, then it may be worth hiring a public adjuster. However, their fees (which are usually 10-20% of the amount you request) can be expensive, so make sure you weigh the pros and cons before making a decision.