The Florida Department of Financial Services requires the Florida Public Adjuster Surety Bond for any individual looking to obtain a Public Adjuster License in Florida.
Surety1 can issue this bond for as low as a 1% rate! Apply here for a free, no-obligation quote!
The State of Florida define a public adjuster as “any person who, for money, commission, or any other thing of value, prepares, completes, or files an insurance claim form for an insured or third-party claimant or who, for money, commission, or any other thing of value, acts or aids in any manner on behalf of an insured or third-party claimant in negotiating for or effecting the settlement of a claim or claims for loss or damage covered by an insurance contract or who advertises for employment as an adjuster of such claims, and also includes any person who, for money, commission, or any other thing of value, solicits, investigates, or adjusts such claims on behalf of any such public adjuster.”
To legally operate as a Public Adjuster in Florida, whether resident or non-resident, the state requires a Public Adjuster License. To obtain this license, the following prerequisites must first be met:
For more information regarding these licensing requirements and procedures, please see the Florida Division of Insurance Agent and Agency Services website regarding Resident Applications and Non-Resident Applications.
The Florida Public Adjuster’s Bond states that you will faithfully comply with the conduct business under his/her license in accordance with the provisions of the public adjuster laws and abide by all rules and regulations of the Department of Financial Services as promulgated by the Chief Financial Officer.
If the public adjuster performs their job unethically or illegally in accordance with these regulations, a claim can be made on their Florida Public Adjuster Surety Bond. Unlike insurance, if the claim is settled, the surety company will pay out the claim, however the bond principal (the public adjuster in this case) is obligated to repay the surety company for any losses incurred.
In order to obtain this bond, simply fill out our free online application! One of our licensed agents will contact you within one business day with a quote for the price to obtain your bond (the “premium”). The premium will generally only be a small percentage of the ($50,000) bond amount. If you choose to move forward after receiving your quote, we will have you sign any necessary paperwork and remit the premium payment, at which time we will ship your bond to you via USPS Priority Mail (with overnight shipping options also available).
Why choose Surety1?
At Surety1, our agents work with over a dozen “A” rated surety markets to ensure we are finding you the lowest price for your bond. We’ve been issuing surety bonds since 2003 and our quality, reliable service has led us to an A+ rating by the Better Business Bureau! Licensed in all 50 states.