A claims adjuster who represents the interests of an insured in a property
loss. Public adjusters negotiate settlement of such claims with the insurer's
claim representative. Public adjusters are compensated with a percentage of
the payable loss that they are able to secure for their clients (2 to 15 percent,
depending upon the size and complexity of the claim). They are frequently retained
in situations involving business interruption (BI) claims, which involve special
expertise in the areas of accounting and insurance coverage analysis.
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