Big Insurance is back and this time they are warning homeowners about the dangers of hiring a public adjuster – someone who advocates for only them in an insurance settlement. Property owners need to concerned!
Are you convinced for a moment? Nope, I didn’t think so. In ‘Delay, Deny and Defend’ Jay Feinman details the excessive and abuse practises by insurance carriers. The proof is well documented and presented so thoroughly I won’t bother to attempt to repeat it here. Public Adjusters are hired by the property owner in order to represent them in seeking the best settlement. Of course, Public Adjusters must be paid by the homeowner and seems to be the result of much controversy.
What reason could there be for these attitudes to remain? To me the answer is clearly the deep pockets and resulting huge advertising and public relations efforts on behalf of insurance carriers. Quick quiz: Who is your ‘good neighbor?’ How about the ‘good hands?’ If you are like most, you might surprise yourself with how quick you answer correctly!
Such an onslaught is frankly hard to resist.
In that context, organizations including Sawgrass Mutual Insurance stand a fairly very good chance of discrediting all who cry foul.
In a letter final month to policyholders, Sawgrass mentioned claims involving public adjusters “frequently acquire substantially longer” to settle and public adjusters may perhaps exaggerate damages since their charges are based on a percentage in the claims.
In a letter final month to policyholders, Sawgrass said claims involving public adjusters “frequently acquire substantially longer” to settle and public adjusters may well exaggerate damages simply because their charges are based on a percentage with the claims.
Sawgrass recently sent a letter to policyholders discouraging them from engaging Public Adjusters. Insurance organizations tend to make a lot from the claim that public adjuster claims can take longer. But this argument rings hollow. Clearly instances involving disputes could take lengthier to resolve. But to hold the Public Adjuster responsible for the dispute is somewhat self-serving. Could the carrier decrease the time to settle by agreeing to a fair settlement appropriate away? The answer is obviously yet.
Florida Association of Public Insurance Adjusters President David Beasley stated the letter from Sawgrass includes misleading statements about public adjusters. A member of your group has filed a complaint with state’s Department of Financial Services, citing a state administrative rule that says no insurer “shall represent or imply to any claimant that public adjusters are unscrupulous, or that engaging a public adjuster will delay or have other adverse effect upon the settlement of a claim.
Public Insurance Adjusters (also known as Los Angeles Public Adjuster ) represent policyholders exclusively.