Insurance adjusters who work for themselves are called “independent insurance adjusters.”
They are not hired by the company, corporation, or agency in issue but rather by a third party. Independent adjusters specialize in homeowners’ or other forms of insurance claims, working singly. Keep reading to learn more about the role of an independent insurance adjuster when filing a claim.
Who Are Independent Insurance Adjusters?
An independent adjuster, who the insurer does not employ, handles claims on its behalf.
When an insurer hires a third-party claims-handling business, the insurer basically outsources the claim and the adjustment procedure.
Your homeowner’s insurance will cover an assortment of losses, including those caused by a storm or an intruder. An adjuster will come to analyze the damage and validity of your claim to your insurer to make a claim. Independent adjusters appear to be the best option for homeowners, but many people don’t realize the difference from others.
For legislative reasons, it is common practice to utilize independent adjusters to handle the influx of claims.
Working with Independent Insurance Adjusters
Independent adjusters are needed to hold a valid license in the state where they will be working. It is possible for them to work as 1099 independent contractors or W-2 employees. A high number of claims or legislative requirements generally lead to their employment.
Homeowner claims rise significantly at times of natural disasters. Independent adjusters are frequently used by insurance firms who lack the personnel resources to outsource this sort of obligation. An insurance company can hire a third-party insurance firm to represent it in negotiations and assessments.
Independent adjusters are frequently used in remote or highly specialized locations because of the nature of their work. For example, damage caused by an animal not commonly seen in most insurance claims may be a country property in the highlands.
An independent adjuster may also be mandated by the regulations of a particular state or the terms of a certain insurance policy. You should think about this while shopping for homeowner’s insurance and evaluating the offerings of various insurers. It’s not simply independent insurance adjusters that you may choose from.
Public adjusters are available if you want to work with your personal representative. A public adjuster does not represent an insurance company when negotiating on behalf of the homeowner.
