How can a Public Adjuster collect their fee?

A Public Adjuster typically collects their fee as a percentage of the settlement amount obtained for the policyholder. This fee structure aligns the adjuster's compensation with the outcome of the claim, incentivizing them to maximize the settlement on behalf of their clients.

Collecting a percentage of the settlement ensures that the adjuster has a vested interest in the claim's success, and this model is widely recognized and accepted within the industry. The adjuster usually outlines this fee arrangement in a contract with the client before starting work, thereby ensuring transparency and agreement on how compensation will be determined.

Other methods of compensation, such as lump sum payments, flat hourly rates, or per diem fees, may not be as common or feasible in the context of public adjusting. These methods can lead to conflicts of interest or might not reflect the actual value of the adjuster's contributions based on the claim outcome. Therefore, the percentage-based fee structure is prevalent and ensures a fair relationship between the Public Adjuster and their clients.