The Georgia Public Adjuster Bond is required by the State of Georgia, Commissioner of Insurance for any entity wishing to obtain a license as a public adjuster in this state.
A public adjuster is a claims specialist of the insurance industry who interprets the homeowner’s policy, assesses the damage and how much it will cost to repair, and negotiates with the insurance company on behalf of the homeowner until the claim is settled. All public adjusters in Georgia must be licensed.
What are the requirements to get a Public Adjuster License in this state?
The following application requirements must be submitted to obtain this license:
- A completed application
- Completion of all required continuing education hours
- Applicable registration fees
- A $5,000 Georgia Public Adjuster Bond
More information about these requirements can be found on the Georgia Office of Insurance and Fire Safety Commissioner website, or the Georgia Rules and Regulations Code 120-2-3.
What is the purpose of a Georgia Public Adjuster Bond?
This bond is required to ensure all licensed public adjusters follow the rules and guidelines of the Georgia Statutes relating to public adjusters. If one of these licensed public adjusters performs illegally or unethically, a claim can be made on their Georgia Public Adjuster Bond. If settled, the surety company (the company that issued the bond) will pay out the claim, however the bond principal (the public adjuster in this case) must repay the surety for any losses incurred from the claim.
Where can I get a Georgia Public Adjuster Bond?
n 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”). 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 completed surety 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.