Texas Public Adjuster
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Texas public adjuster bonds guarantee that, as a licensed public adjuster, you will comply with Texas State laws and statutes.
Key Highlights
- The job of an insurance adjuster is to make the determination in regards to the amount of loss coverage that a company is liable to cover.
- There are three main types of professional insurance adjusters — independents, staff adjusters, and public adjusters who are most often employed by policyholders.
- If public adjusters do a poor job, both could be forced to cover an unnecessary or excessive loss.
How do I purchase a Texas public adjuster bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue Texas public adjuster bonds in each of the 50 states. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.
Our short online application makes it easy. Click below to start the application process today.
Texas Public Adjuster Bond FAQs
An insurance adjuster is a professional who investigates claims on behalf of an insurance company when a claim has been made on a specific insurance policy. When a claim is made for a personal injury situation, the adjuster may consult medical records and the professionals involved in the treatment of the insured.
When the claim involves property damage, the adjuster will begin by inspecting the damage, and then review police reports, interview any witnesses, and talk to nearby property owners as well. Once an adjuster has completed the investigation, they will have a good sense of what the insurance company's liability would be in the situation.
If you are an insured individual and an adjuster is investigating your claim, either for personal injury or property damage, keep in mind that the insurance adjuster will not be an advocate for you, and certainly does not have your best interests in mind. That's because they are employed directly by an insurance company or have been hired by an insurance company as an independent adjuster, for the purpose of conducting a thorough investigation into a specific claim.
Generally speaking, all the following activities are included in the tasks that a professional claims adjuster would routinely undertake:
- Research and assess damage
- Determine who is liable for the damage
- Inform the insurance company of all details
- Investigate all points of the claim on the policy, to include property damage, content damage, building damage and related expenses
- Formulate a comprehensive report on all damages, so that specific dollar amounts can be assigned to financial losses
- Coordinate with contractors or specialists who will be needed to effect repairs or reconstruction.
The job of an insurance adjuster is to make the determination in regards to the amount of loss coverage that a company is liable to cover. They spend their time investigating and putting a dollar amount to the damage caused by a business or individual making the claim. It's important to come up with an accurate number because both the client's needs and the needs of the company are in the balance. If they do a poor job, both could be forced to cover an unnecessary or excessive loss.
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