A growing number of Colorado homeowners have turned to public adjusters for help with insurance claims. A public adjuster is an insurance professional dedicated to maximizing your insurance payout and speeding up your claim.
Some homeowners in Colorado hire a public adjuster when the insurance company is dragging its feet during a claim. The company might be delaying payout, demanding excessive paperwork, or refusing to answer your calls in a timely way.
Other property owners in Colorado hire a public adjuster immediately after experiencing a loss. You might hire a public adjuster the morning after your house burns down, for example, because you want a trusted insurance professional on your side throughout the entire process.
Why Hire a Public Adjuster in Colorado?
Whether you own a business, a home, or any other type of property, you may encounter problems when dealing with an insurance company. When these problems occur, it’s in your best interest to hire a public adjuster.
Insurance companies in Colorado aren’t charities: they’re for-profit businesses. The goal of any insurance company is to make money. That’s why an insurance company will do everything in its power to pay you as little as legally possible for your claim.
If you make a wind damage insurance claim in Colorado, for example, then your insurance company might deny your claim because of stipulations like “wind driven rain”. They might point to specific lines in your insurance contract that prevent the insurer from paying out claims in certain situations.
Fortunately for Colorado property owners, there’s a way to fight back. By hiring a public adjuster today, you can expedite your insurance claim and ensure you receive the compensation you are owed.
How Do Colorado Public Adjusters Work?
Public adjusters in Colorado all work in a similar way, although the specific process varies widely from claim to claim.
First, all Colorado public adjusters require a license from the Colorado Department of Regulatory Agencies (DORA). This license authorizes the public adjuster to work with property owners throughout the state.
Next, public adjusters will work directly with homeowners, business owners, or property owners to ensure a claim goes smoothly.
When you experience a loss, your insurance company will assign its own claims adjuster to your case. This claims adjuster is a salaried employee of your insurance company. The adjuster’s goal is to close your claim as quickly as possible while paying the lowest amount legally owed based on the terms of your contract.
When you hire a public adjuster, you’re hiring an insurance industry professional who can ‘fight back’ against the insurance company’s claims adjuster. The public adjuster works on behalf of you – not the insurance company. The public adjuster represents your interests – not the insurance company’s interests.
To ensure your claim goes smoothly, the public adjuster will inspect the loss, analyze your insurance contract, then determine how much the insurance company should owe the policyholder.
If this amount is different than what the insurance company is offering, then the public adjuster will begin to negotiate with the insurer on your behalf.
After a series of back and forth negotiations with the insurance company, the two parties will eventually agree on a number. Then, the public adjuster will present that number to the policyholder.
If the policyholder accepts the offer, then the process is complete. The public adjuster then charges a pre-arranged fee. This fee is a percentage of the final payout (typically between 5% and 15%). For most public adjusters in Colorado, this is the only fee charged, and it’s only charged at the very end of the claims process.
Contact A Public Adjuster in Colorado Today
Ultimately, hiring a public adjuster in Colorado might be the best decision you make. It can put more money in your pocket at a time when you need it most.
ClaimsMate is here to help policyholders in Colorado get the insurance claim help they need from an experienced public insurance adjuster. Contact ClaimsMate today to find a licensed, highly-qualified public adjuster dedicated to maximizing your insurance payout.