For one year following the issuance of an Executive Order by the Governor declaring a State of Emergency in Florida, the fee cap for public adjusters is set at ten percent. This special fee limitation is on the verge of expiration!
The State of Florida institutes a fee cap on public adjusters to protect policyholders and ensure fair and ethical practices within the industry. By establishing a maximum fee, the state aims to prevent overcharging and exploitation of individuals during times of vulnerability, such as after a disaster or property loss. This fee regulation contributes to maintaining transparency and fostering trust between public adjusters and the residents they serve in the state.
If you have yet to file a claim or believe you were underpaid, now is the opportune time to hire a Licensed Public Adjuster. During this window, they can charge up to 20%.
The Division of Agent and Agency Services’ Bureau of Investigation emphasizes key laws applicable to adjusting claims within counties specified in the Executive Order during a state of emergency declared by the Governor
Section 626.854, Florida Statutes, provides specific directions regarding fees and the insured’s right to cancel a public adjusting contract.
- Subparagraph (11)(b)1 states that a public adjuster may not charge, agree to, or accept any compensation, payment, commission, fee, or other thing of value in excess of ten percent of the amount of insurance claim payments made by the insurer for claims based on events that are the subject of a declaration of a state of emergency by the Governor. This provision applies to claims made during the year after the declaration of emergency.
Experienced Public Adjusters only gets paid if you get paid on your insurance claim. We operate just like an attorney when the offer free services for a contingency fee of what is recovered. We are the best at what we do, hire the right public adjuster to win for you!