Public Adjusters can only represent the insured’s in First Party Property Insurance Claims and they have to be careful not to cross the line of the unlicensed practice of law. A Public Adjuster is not allowed to be involved in Third Party Insurance Claims.
First Party Insurance
First party insurance is purchased to protect individuals and their property. Some examples of first-party insurance include homeowner’s insurance or renter’s insurance. First party auto insurance covers injuries or property damage to the purchaser, as opposed to coverage for other individuals provided by third party insurance. First party homeowner insurance covers property damage suffered by the insured and covered by the insurer.
First Party Litigation
First party litigation may occur when there is a dispute between the insurance company and the policy purchaser. Insurance bad faith is a term used to describe unethical, unfair practices, and intentional act to underpay insurance claims by an insurance company. Insurance companies owe a duty to customers to act in good faith and fair dealing. When insurance companies fail to do so, the policyholder may be able to file a lawsuit for their bad faith conduct. Individuals who believe that their insurance company has acted in bad faith should consult a first-party litigation attorney for a free consultation and review of their insurance claim.
Third-party insurance is in place to protect policyholders against potential financial or legal claims against them from another individual. This other individual is referred to as the “third party.” Third-party claims and lawsuits usually result from the actions of the insured.
An Experienced Public Adjuster is a skilled professional licensed by the State to represent the public’s best interest. They are professionals that specialize in First-Party Residential and Commercial Insurance Claims.
Call Experienced Public Adjusters Today! (407) 212-8669