Public Adjuster – What Does it Cost

How Public Adjusters Fees are Structured – What You Need To Know

First, how every public adjuster charges is different. Sometimes states regulate how public adjusters can charge. You may want to reach out with to your state Department of Insurance to see if there is any regulation on how a public adjuster can charge. Typically, there are three ways that a public adjuster can charge, which are contingency fees, flat rate and hourly.

• Contingency Fee – By far this is the most common way that a Public Adjuster charges. The Public Adjuster charges a percentage fee based off of their results, typically they charge 5% to 15% of the money they are able to recover for you. If they do not get a recovery fee you do not owe the Public Adjuster anything.
• Hourly Rate – This is not a typical way a Public Adjuster Charges, because it is hard to predict how many hours a claim will take to get resolved. Even if it appears to be simple and straight forward, once a claim is opened or re-opened a lot can be discovered about a claim. The rate can vary based on type of loss, location of the loss, the type of policy covering the loss or the Public Adjusters experience.
• Flat Fee – Again this is not a typical way that a Public Adjuster, but in certain type claims it might be used. An example might be a very large loss where the claim is straight forward.

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