Bond Spotlight: TN Public Adjuster Bonds
With the devastating floods in Tennessee recently, it makes perfect sense that we are suddenly getting a spike in calls for Tennessee Public Adjuster Bonds.
For those of you not in the know, a public adjuster acts on behalf of the insured when they submit a claim to their insurance company. A public adjuster works with the insurance company’s adjuster to navigate through the red tape of claims. They make sure the insured’s interests are protected and that the big bad insurance company (just kidding, we LOVE insurance companies!) fork over the money to restore the insured’s property.
Since there is a high likelihood of fraudulent activity that could occur in the types of situations requiring a public adjuster, there are rules and regulations in place to ensure that doesn’t happen. You know, people are vulnerable, the only reason they would need a public adjuster is because they’ve lost property or property has been damaged. It would be easy for someone to swoop in and not necessarily have their best interest at heart. The state requires a bond to discourage predatory practices.
No pun intended, but I’m sure insurance companies are flooded with claims from Tennessee right now. As such, simple supply and demand principals will tell us that there is probably a bigger need for Tennessee public adjusters right now. And that brings it back around to the high numbers of calls we’ve been getting for the TN Public Adjuster Bonds.
Luckily, The Surety Group has a great program in place to accommodate all the new adjusters in Tennessee. Our TN Public Adjuster Bonds start at just $375 and same day service is available.