Tuesday, February 10, 2015

Will Your Public Adjuster Contract For Services Hold Up In Court? – Part 1

Originally published by .


At the start of a new year it’s a good idea to review your practices and procedures to ensure that your contracts are in order and still follow the letter of the law. Attorney fee agreements and public adjuster contracts are live documents and are rarely sued upon. However, Texas courts have dealt with public adjuster contracts recently and had to determine their enforceability. So, this blog will break down the rules that govern the enforceability of public adjuster contracts in a four part series.

When a property owner is in a bind and the carrier is under valuing the cost of repairs, a licensed public adjuster is on the front line for the policy holder. So, when the public adjuster does his job effectively and the insurer is forced to pay the just amount due and owing to the insured, what happens next? In a perfect world, the carrier would pay for the damage and the public adjuster would collect his 10% fee for services rendered. In an imperfect world, the property owner would sue…


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Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.






from Texas Bar Today http://ift.tt/1KFyLBk

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