There are two types of public adjusters:
1. The traditional adjuster. The traditional adjuster works directly for the insured, who may be an individual, an employer, or a local government agency. The traditional adjuster submits claims to the insurer, and also manages the adjuster’s own business.
2. The public adjuster. A public adjuster represents the insured, an employer, or a local government agency. A public adjuster works directly for the policyholder, and submits claims to the insurance company.
The traditional adjuster will be familiar with the claim submission process, and the adjuster’s role in the insurance company’s system. A traditional adjuster can be quite demanding and may be prone to take on more than one claim at a time. The public adjuster will be more accommodating and will respond quickly to the insured’s inquiries, as well as be the policyholder’s point of contact for the adjuster’s business.
What do you do after you’ve submitted your claim?
After you’ve submitted a claim to your insurance company, the process is fairly simple. You wait for the insurance company to evaluate your claim and process it. During this time, you can get any other work done, such as making mortgage or car payments, or even making other payments on your home. But don’t be surprised if the policyholder doesn’t call you for another check after the initial one is paid. If there is no check in hand, the insurance company will call the check “receivable” and you can expect another check to be mailed to you the next week.
You will receive a check for what it would cost to replace your home. How quickly you receive the check will depend on the time it takes for the company to process your claim. Most insurance companies will send checks the next business day.
What do you do after you’ve received your check? Most insurance companies will give you a statement of your claim within a few days. Some will allow you to pay your claim directly from your checking account. However, many will keep a portion of your claim for their own records. Most states require the insurance company to send you a copy of their report within 10 days. The insurance company may also send you a copy of your own report within a few days, so it’s a good idea to review both your own and the other company’s claims. If your home insurance claim was a complete loss, the other company may offer you a check for what they paid you and ask you to sign a consent to the use of your information in connection with future offers.
Most insurance companies are very good about sending you a check for what you were worth after your loss. However, this may be less true if you’ve requested a specific type of insurance or if you were not offered replacement value. If you have additional questions, your insurer will have an agent on hand to help you. If you were offered replacement value, your insurer will be able to provide you with an estimate for what it would cost to rebuild your home. The first step after receiving a check for what you were worth is to decide whether or not you want to rebuild.