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PUBLIC ADJUSTER CONTRACT This Public Adjuster Contract (hereafter referred to as Agreement) is entered into between (full name of the insured) , Insured(s) (Insured), living at (street address) insured.

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(a) A person shall not act, advertise, solicit, or hold himself out as a public adjuster or to be in the business of adjusting insurance claims in this State, nor attempt to obtain a contract for public adjusting services, unless the person is licensed as a public adjuster in ance with this Article.

Payment often ranges from 5% to 15% of the claim settlement. Review contract terms and ask questions before signing on the dotted line. For example, verify the public adjuster is licensed to work in Illinois.

(d) A public adjuster may not charge, agree to, or accept any compensation, payment, commissions, fee, or other valuable consideration in excess of 10% of the amount of the insurance settlement claim paid by the insurer on any claim resulting from a catastrophic event, unless approved in writing by the Director.

The price to hire a public adjuster is outlined in a contract between the individual and the public adjusting firm. Payment often ranges from 5% to 15% of the claim settlement.

Disadvantages of Using a Public Adjuster Some Handle Only Major Property Damage Claims. Percentage of Settlement. The Process Can Take Time.

A “public adjuster" does not work for any insurance company, is not a public employee, and does not work on behalf of the State of Illinois, Department of Insurance, or any other public agency. They work for you to assist in the preparation, presentation and settlement of your claim.

There is help for Florida contractors in the form of licensed insurance appraisers like public adjusters. As the preferred public adjuster in the state of Florida, Noble Public Adjusting Group is the number one insurance appraiser in the nation.

Yes, in Illinois a contractor can also act as a Public Adjuster. This allows the Public Adjuster to create a fair scope of work and then recommend his own company or affiliate to do the repairs. In most instances, the property owner chooses the Public Adjuster's recommended construction firm.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
IL Public Adjuster Contract
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