The answer, like anything else, would depend upon who you asked……
If you ask an insurance company, their attorneys or their lobbyist they will give you their view of a horrible scourge that only wants to take a chunk of your claim! They will vilify, and outright lie, because the truth, as ugly as it is, is really very simple. Insurance is a business, and if they paid claims correctly, at all, there would be absolutely no need for my profession to even exist.
Public Adjuster contracts are normally governed by the state in which the Public Adjuster is working in. They are normally a contingency based fee, meaning No Recovery, Absolutely No Fee. Generally, these states also place caps on the amount a Public Adjuster can charge. In Texas, that cap is 10% of the total claim.
Debunking insurance company lies – This is done very simply. When a contingency contract that is approved by the state is used, the insured would not owe the Public Adjuster ANYTHING if the Public Adjuster did not recover ADDITIONAL funds. (This simple statement thrashes anything an insurer might say.) The Public Adjuster can only benefit if the INSURED, which is YOU, benefit.
When you file a claim, your insurance company tells you they are sending their guy to tell you how much or little they owe you…..
Please listen carefully to what they said.
“WE are sending OUR GUY to tell YOU how LITTLE we ACTUALLY OWE YOU!”
Now. Ask your friends, neighbors, Pastors, Judges, City Attorneys and Senators that we have helped…..
Mike Martin 5 star rating – “I would never have gotten the money to make repairs to my home without their help! A hailstorm badly damaged our home and I received a very low offer from my insurance company. A friend recommende
The key word Mr. Martin used was entitled. We can never make an insurer pay more than what they owe. We would not want to. However, as Mr. Martin found out, what he was owed and what they offered were over 100% in difference. Whose favor do you think the discrepancy served? Your insurance company, of course. They attempted to make over a 100% profit off of Mr. Martin.
They have done the same thing to you, if you have ever filed an insurance claim….. Insurance is a business, and you are a customer. Their sworn goal is to MAKE MONEY. What better way to make money than to send your OWN guy to estimate the VALUE. This is only ONE of their tools. One of millions designed to make sure they keep making money.
Public Adjuster Defined:
A Public Adjuster is an insurance claims adjuster who advocates for the policyholder in appraising and negotiating a claimant’s insurance claim. Aside from attorneys and the broker of record, public adjusters licensed by state departments of insurance are the only type of claims adjuster that can legally represent the rights of an insured during an insurance claim process. A public adjuster will be most beneficial when it is clear that the insurer will pay the claim and the only issue is the proper identification and valuation of the loss. Most public adjusters charge a percentage of the settlement (with the percentage being lower for larger losses (over $250,000)), with the average charge being between 15% to 20%, although some states cap the fee. Primarily they appraise the damage, prepare an estimate and other claim documentation, read the policy of insurance to determine coverages, and negotiate with the insurance company’s claims handler.
There are three classes of insurance claims adjusters: staff adjusters (employed by an insurance company or self-insured entity), independent adjusters (independent contractors hired by the insurance company) and public adjusters (employed by the policyholder). “Company” or “independent” adjusters can only legally represent the rights of an insurance company.
Outside the United States Adjusters are commonly called (or translated into English as) “insurance loss assessors” (or simply “loss assessors”) and staff adjusters or independent adjusters are called or translated as “insurance loss adjusters” (or simply “loss adjusters”). However, there is a clear distinction between a loss adjuster, who works on behalf of an insurance company, and a loss assessor who works on behalf of a policy holder.
To many others, we are the super heroes. The unsung heroes who toil day and night to make sure insurers, who have every tool at their disposal, included unlimited wealth, are held accountable. May seem like a small thing…. it is not. It is often times the ONLY difference in financial desolation and complete indemnification.
We have 86 year old widows who will make you cry from the beginning of their story, all the way up until the happy ending. We have been the reason that happy ending arrived. The reason retirement wasn’t touched, the reason college funds are intact, and whole economies are sustained. With the Superpowers the license of Public Adjuster bestows upon us, we are able to breathe life back into ANY life altering catastrophic situation. Whether it was man made or an act of “Nature”.
How could we possibly make this claim?
Abilene Texas – 2011 Hail Storm
First United – Insurance paid originally approximately $25,000.00. InsuranceBusters.net settled in full approximately $385,000.00
Old Carpet Store on N. 1st. Insurance Company paid approximately $17,000.00. InsuranceBusters.net and attorneys settled claim for approximately $580,000.00.
In just two claims, the insurance carriers managed to save themselves a whopping $920,000.00! Until the insured found their voice, their Superpower, their Public Adjuster.
How do we affect an entire economy? The example above is very real. Those are actual approximate numbers to real claims that have been settled, right here in Abilene.
$920,000.00 came back from insurance companies bank accounts into those of the insureds who were actually owed. They used that money. In your stores, your restaurants, your car lots, your taxes. EVERYWHERE!!!!!
We did that……… We have BEEN DOING THAT for over five years now. It is what a Public Adjuster is supposed to do. And yes, often times, I feel as if we fit right into the Super Hero Category…… Don’t you?
If you have suffered a loss, of any type where insurance is involved, we can help.
- Claim must still be within Statute of Limitations. (Texas 2 years, most other states 1 year)
- By license, we can only handle Property and Casualty Insurance claims. (Sorry, no license exists, to my knowledge, that would allow us to help on a medical insurance side, we all know it is not only necessary, but mandatory.)
- We can file the claim for you, or re-open an existing claim to get the money they “forgot” to pay you.
- Texas Public Adjusters License # 1603054
- Oklahoma Public Adjusters License # 0100139076
- Licensed in numerous other states as well. If we are not licensed there, we have a network of Public Adjusters that we work with throughout the world, and I am sure we can point you in the right direction.
- No Recovery, Absolutely No Fee! (Simple, Self Explanatory)
- All insurance claim reviews are FREE.
- YOU HAVE NOTHING TO LOSE AND EVERYTHING TO GAIN!
Start the New Year out Right, with some of your money finding it’s way back to your pocket, where it belongs.
I am Cal Spoon, Public Adjuster, and I wear it proudly.
December 30, 2014
Oklahoma Hail Claims
Texas Hail Claims