On January 15, 2010 The Miami Herald had an interesting article published regarding this very topic. The Herald quoted an audit that was conducted recently by the Florida Legislature that compared homeowner claims filed with a public adjuster and without a public adjuster under the Citizens Insurance Company. The following is an excerpt from that report:
Policyholders with public adjuster representation typically received higher settlements than those without public adjusters. Policyholders that filed catastrophe claims in 2008 and 2009 generally received larger insurance settlements than policyholders that did not hire these persons. The typical payment to a policyholder represented by a public adjuster was $22,266 for claims filed in 2008 and 2009 related to the 2004 hurricanes (see Exhibit 6). In contrast, policyholders who did not use a public adjuster received typical payments of $18,659. The difference in payments was larger for claims related to 2005 hurricanes, with public adjuster claims resulting in payments that were 747% higher.
Should you hire a public adjuster to handle your insurance claim? Yes! It is clearly the policy holder’s best interest to hire a “Licensed Public Adjuster”