When it comes to insurance claims in Florida, there are two main types of adjusters: personnel adjusters and public adjusters. As an insurance policy holder, you are likely familiar with personnel adjusters. These are salaried employees of an insurance company, such as Allstate or Progressive. On the other hand, public adjusters are independent or self-employed appraisers who work on a contingency basis and collect a percentage of the final settlement amount as payment.
In this article, we will explore the differences between these two types of adjusters and provide an overview of the steps you need to take to become a licensed insurance adjuster in Florida.
Personnel AdjustersPersonnel adjusters are salaried employees of an insurance company. They are responsible for receiving and processing claims from several different insurers at the same time. They inspect medical and police reports, examine damaged property, and review the language of a policy.
Public AdjustersPublic adjusters are independent or self-employed appraisers who work on a contingency basis and collect a percentage of the final settlement amount as payment. They perform the same functions as personnel adjusters but with the goal of representing the interests of their clients and ensuring that the insurance company treats its customers fairly. If insurance authorities discover that an adjuster acted unethically or unlawfully, they will demand that the adjuster pay compensation to the third party.
70-20 LicenseThe 70-20 license is another type of adjuster license available in Florida.
This license can be used by staff or by independent experts and offers the same benefits as if you were a resident appraiser in Florida.
Becoming an Insurance Adjuster in FloridaTo become an insurance adjuster in Florida, you must complete the following steps:
- Complete your education requirements or pass the Florida insurance adjuster exam.
- Obtain a bond with a public appraiser's license.