Posted by Cari on 4/7/10 10:12am
Msg #330621

alternative ways of making money....?? Public Insurance Adj.

...came across an ad from Yahoo Hotjobs and applied...low and behold it is for a job as a Public Insurance Adjuster....

Did research on NotRot...didn't find anything...so has anyone done this type of work, if so, can you give more details on whether this is worth doing?

Metro Public Adjustment is the company out of PA that is hiring in my area..see link below for company...

http://www.metropa.com/index.php?pid=Edu&nid=2

Sounds interesting?

Reply by Linda_H/FL on 4/7/10 10:20am
Msg #330625

It does sound interesting..

but you do realize this is basically being a policyholder advocate? Sounds like you're basically helping the policyholder deal with the insurance company to gete the fairest settlement possible..

Reply by Cari on 4/7/10 10:35am
Msg #330632

yep, that's exactly what it is...

I wonder what the % is...the company gets the bulk when a claim settles, I imagine, but I'm curious as to what the adjusters receive and what the time frame for payment, a few months or probably a year...more...

Think I'll do some more research on this...

Reply by Charles_Ca on 4/7/10 10:49pm
Msg #330716

In Ca adjusters must be licensed by DOI, your State??? n/m

Reply by Linda_H/FL on 4/8/10 6:27am
Msg #330721

Re: In Ca adjusters must be licensed by DOI, your State???

Charles, from what I saw at the website, the PA isn't acting as an adjuster but rather as an intermediary between the insurance co. and the policyholder - to stand up for the policyholder in their negotiations with their insurance carriers.

Seems like a scary thing with no oversight....sort of along the lines of modification companies in their acting as intermediaries between the borrower and their lender to get their loans modified. I would think more than a layman's knowledge of insurance law would be necessary to do this effectively.

MHO

Reply by Charles_Ca on 4/8/10 12:01pm
Msg #330765

Interesting Linda! I didn't have time to check their site

From your description it seems like another borderline legit occupation that someone is going to try and make a killing feom. When times are tough it seems that people really get creative. I would think that the intermediary should have some form of oversight or licensing.

Reply by Bravo on 4/7/10 5:14pm
Msg #330693

It does sound interesting but I'm wondering where/who provides the training...also do you have to be licensed by the Insurance Commisionner in your State?

Reply by Cari on 4/7/10 7:29pm
Msg #330700

I believe the link I posted is to a company that is hiring

in my area, so I would assume that they'd be giving the training. And not sure if one has to be a licensed by the insurance commissioner....its not like ur going to sell insurance...but represent the client, on behalf of the company, or for the company (not too sure) before the insurance carrier.....

Reply by John/CT on 4/7/10 9:10pm
Msg #330705

And, is there an upfront charge to get started? n/m

Reply by Cari on 4/8/10 10:29am
Msg #330745

Not sure, I'm going to go to an orientation next week...

I'll let everyone know what I find out....

Reply by jba/fl on 4/8/10 10:50am
Msg #330746

Look forward to hearing more...TIA n/m

Reply by Victoria_NJ on 4/8/10 7:46pm
Msg #330836

Public Adjusters do not get paid until the insurance co pays out the claim, which could take years and that is if the claim doesn't go into litigation. If it does and then an attorney is involved, usually the P.A. is on the low end of the totem pole.