by jim_1 » Sun Oct 10, 2010 01:56 am
A family member's house was a partial fire loss last week and I"m dealing with the insurance adjuster. I've done my research on the policy: full replacement value on Coverage C; full replacement value on Coverage A, but with a depreciation until replacement or repair. I've had an independent strcutural engineer assess the remaining structure of the house, along with an independent contractor to look over the damages. However, many family members and neighbors are urging for the use of a public adjuster to sort out the situation. The PA is suggesting he could get more (within coverage amounts) back; I'm I missing something that I need to pay a public adjuster?
Posted: Sun Oct 10, 2010 07:55 am Post Subject:
A public adjuster is going to take about 10% of the settlement. So what you have to decide, is he going to be able to get you or your neighbor 10% more money. The loss should be what it is. I never saw a public adjuster get someone more from an adjuster that was doing his job. Now I have seen public adjusters add things that were not there and I have sen them help on large commercial losses. What I would do it get a good contractor. They should be able to work with your adjuster to get an agreed scope of damages and a price to repair.
It is really up to you, but I bet the public adjuster can and won't say they will get you 10% more.
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