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Illinois public adjuster contract 2025

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The document is a Public Adjuster Contract between the Insured and a public adjusting company, outlining the terms of representation for insurance claims related to loss and damages. It specifies the services provided, payment structure based on recovery amounts, cancellation rights for the Insured, and compliance with Illinois State Law. The contract also includes provisions for voiding the agreement under certain conditions.

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Click ‘Get Form’ to open the Illinois Public Adjuster Contract in our editor.
Begin by filling in your name as the 'Insured' at the top of the contract. This identifies you as the party retaining the adjuster.
Next, enter your company name where indicated. This is essential for establishing a formal agreement.
Specify the services to be provided by entering a detailed list in the designated section. Clarity here ensures both parties understand expectations.
Fill in details about your claim, including what caused the loss and when it occurred. Accurate information is crucial for processing your claim effectively.
Indicate the fee percentage that will be paid to the adjuster upon recovery of funds. Ensure this aligns with your agreement.
Complete all signature fields at the bottom of the contract, including dates and contact information, to finalize your agreement.

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2021	4.9 Satisfied (38 Votes)
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2011	4.9 Satisfied (51 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the average caseload for an adjuster?

In the study, the caseloads (for an average adjuster) ranged from a low of eighty indemnity claims to a high exceeding three hundred indemnity claims. Both numbers were outliers. For most claims administrators the survey was between 110 and 140 per claims adjuster.

What is the cap on public adjusters in Illinois?

There 10% cap on public adjuster compensation when the damage was the result of a catastrophic event. See 215 ILCS 1570(d) and (e). Notice that, at the option of the insured, any contract shall be voidable for 5 business days after the contract is received by the insurance company. 215 ILCS 5/1575(j).

How much can a public adjuster charge in Illinois?

Illinois caps public adjuster fees at 10% of the claim settlement amount. This regulation ensures fair pricing and protects policyholders from excessive charges. Any contact exceeding this limit is considered unenforceable under Illinois law.

How much do public adjusters make in Illinois?

Public Adjuster Salary in Illinois Annual SalaryMonthly Pay Top Earners $87,696 $7,308 75th Percentile $72,700 $6,058 Average $62,931 $5,244 25th Percentile $48,500 $4,041

How much do public adjusters make per claim?

Public Adjusters have perhaps the most variable income structure. Working exclusively for policyholders, they typically earn a percentage of the final claim settlementusually between 5% and 20%, depending on state regulations and claim complexity.

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How do I get out of a public adjuster contract in Illinois?

The insured may void the contract by notifying the Public Insurance Adjuster in writing by (i) registered or certified mail, return receipt requested, to the address shown on the contract; or (ii) personally serving the notice on the Public Insurance Adjuster. (215 ILCS 5/512.58(a)).

What is the cap on public adjuster fees?

AB 597 imposes a 15% cap on fees that public adjusters can charge for disaster-related residential and certain commercial claims. The cap itself isnt the real problemmost adjusters already charge well below that for catastrophe losses, such as those from the recent Los Angeles County wildfires.