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Illinois public adjuster contract 2025

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The document is a Public Adjuster Contract in which the Insured retains a company to act as their agent for handling an insurance claim related to loss and damages. It outlines the services provided, payment terms, conditions for commission, cancellation rights, and legal compliance with Illinois State Law. The contract can be voided by the Insured within five business days of execution.

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Versions	Form popularity	Fillable & printable
2021	4.9 Satisfied (38 Votes)
2018	4.8 Satisfied (115 Votes)
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 standard rate for a public adjuster?

Public adjusters will typically charge a percentage of your claim settlement, which would in most instances depend on the type and size of your claim. A public adjusters typical fee range could be anywhere from 3% up to 30% of your settlement. This amount is deducted from your claim settlement by the public adjuster.

Can I change my public adjuster?

If youre not pleased with the initial adjuster that your insurance provides, you can contact them and request a new person.

How much does a public adjuster make in Illinois?

Public Adjuster Salary in Illinois Annual SalaryHourly Wage Top Earners $87,696 $42 75th Percentile $72,700 $35 Average $62,931 $30 25th Percentile $48,500 $23

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

The contract you sign with the public adjuster is binding and can only be canceled by certified mail within 5 business days after the date the contract was signed.

What is the commission for a public adjuster in Illinois?

Public adjuster fees. (a) A public adjuster shall not pay a commission, service fee, or other valuable consideration to a person for investigating or settling claims in this State if that person is required to be licensed under this Article and is not so licensed.

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Can I cancel a public adjuster contract?

You have the right to cancel the contract with your public adjuster, without any penalty or obligation, within three business days from the date the contract is signed.

Can you negotiate with a public adjuster?

Public Adjusters get paid a percentage of whatever they recover for you. You can negotiate the percentage, and it generally ranges between 5-12%.

What is the downside of using a public adjuster?

Cons. Hiring a public adjuster comes at a cost. They typically charge a percentage of the final settlement amount, usually around 10%. While this fee can be worth it for larger claims, it might not be justified for smaller, straightforward claims.

Illinois public adjuster contract 2025

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What is the standard rate for a public adjuster?

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What is the commission for a public adjuster in Illinois?

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Can I cancel a public adjuster contract?

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