Public insurance regulators are insurance professionals who advise; support and represent homeowners, business owners, and commercial property owners in maximizing claim settlement.
In short, the insurance claims regulator represents the insurance company, while the public regulator represents the public interest by helping the public achieve whatever they have in mind in the settlement of property claims. You can also get information about commercial public adjuster via the web.
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Why use a public regulator?
There are several reasons why policyholders will use professional services in the event of a claim. The most important reason is knowing that internal critical reviewers have stated that the company paid twenty-five (25%) to forty (40%) of what they would have paid professionally represented plaintiffs.
Even more revealing is a study for state property insurance companies, which showed an average increase from five hundred and seventy-four percent (574%) to seven hundred and forty-seven percent (747%) of the population when represented by the PA.
Second, policyholders are not aware of the technical conditions or acceptable practice in establishing proof of damages and their compensation costs.
Therefore, they often want less or settle for less because they don't fully understand the extent of the damage or don't know exactly what it takes to get them to their pre-damage state.
The public insurance regulator is in your best interest and will legally maximize compensation for damage to its clients' property claims.