How are public adjusters paid?

A public adjuster is a professional responsible for representing your interests before the insurance company in Florida so that in the midst of a problem with your property, fair compensation is obtained to make the appropriate damage restoration. A public adjuster is a licensed specialist who helps policyholders navigate the complex insurance claims process. 

Naturally, when evaluating the hiring of a public adjuster in Florida, questions may arise as to how to honor the work of these professionals once the best settlement for the damage to your property has been obtained. At Liberty Claims, we tell you how and when public adjusters are paid.

How to pay public adjusters

Contingency Fee Arrangement

The primary method by which public adjusters are paid in Florida is the contingency fee arrangement. The public adjuster’s compensation is based entirely on the successful recovery of funds for the policyholder. Generally, the fee is a percentage of the final settlement amount received by the policyholder.

It should be noted that the percentage may vary and is usually negotiable between the insured and the public adjuster and typically ranges from 10% to 25% of the settlement, depending on factors such as the complexity of the claim, the extent of property damage, and local laws. In general, more complex claims requiring extensive documentation, investigation, and negotiation will represent a higher fee for the public adjuster.

It is important to note that public adjusters work on a “no recovery, no fee” basis. This means they receive no compensation if they do not obtain a settlement for the Florida policyholder. As a result, these professionals have a strong incentive to maximize the settlement.

There are several factors that have an impact on the fees of public adjusters and these have to do with the complexity of the work they have to do. However, success is virtually a given because the nature of the work requires that maximum recovery be achieved.
At Liberty Claims, our approach is consistent with this methodology and our focus is squarely on the achievement of maximum recovery. Our experience and reputation are essential to our performance, trust us! We will be your best representation before the insurance company.