Florida Statutes Regulating Public Adjusters Fees

Important changes have been made to the Florida Statutes regulating the business of public adjusters in the past couple of years.  Below are some that are the most important,

  • A public adjuster may not charge a fee unless a written contract was executed prior to the payment of a claim.
  • Public adjusters are prohibited from receiving compensation from any source which would exceed the statutory fee cap.
  • Public adjusters are prohibited from charging more than 20 percent of the insurance claim payment on claims not based on a declared emergency and 10 percent of the insurance claim payment on claims based upon a declared emergency for claims made during the first year after the declaration of the emergency. These fee caps apply only to residential property insurance policies and condominium unit owner policies as defined in s. 718.111(11), F.S. [See s. 626.854(18), F.S.]
  • The fee cap on re-opened or supplemental claims is 20 percent of the claim that is not based on a declared emergency. The 10 percent fee cap for a claim that is based upon a declared emergency still applies as stated above. The public adjuster’s fee cannot be based on any payments made by the insurer to the insured prior to the time of the public adjuster contract. These fee caps apply only to residential property insurance policies and condominium unit owner policies as defined in s. 718.111(11), F.S. [See s. 626.854(18), F.S.]

At Fair Claims Law, we will never charge our attorney’s fees and costs against your indemnity recovery. Our goal is to make sure you receive everything that is owed to you under the policy. If successful, Fair Claims Law’s fees and costs are to be paid under a separate claim by your Insurance Company.

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The attorneys at Fair Claims Law aggressively represents its clients in pursuing their insurance claims with the goal of recovering the benefits owed to them under their property insurance policy. Fair Claims Law’s attorneys have handled nearly every kind of loss ranging from windstorm, water losses, fires, and many others. The lawyers at Fair Claims Law strive to provide excellent customer service and take pride in achieving their goals. Just a few reasons why you should give our firm a call today: