The Idaho Public Adjuster Bond is required by Idaho’s Department of Insurance. The bond states that the bondholder shall faithfully and lawfully comply with all the requirements of the insurance laws of the State of Idaho. The bond amount is $20,000.
Surety1 can write this bond Fast. In addition, we offer the lowest rates in the market through our partnership with over a dozen A rated surety companies.
What is a Public Adjuster?
In the Idaho Statutes Chapter 58 Public Adjuster Licensing Act, a Public Adjuster is defined as any person who, for compensation, acts or aids solely in relation to first party claims under insurance contracts that insure the real or personal property of the insured. On behalf of an insured in negotiation for, or effecting the settlement of, a claim for loss or damage covered by an insurance contract. Therefore, no person can be in this business unless licensed by Idaho Department of Insurance.
What is required to become Licensed?
- First, complete the Public Adjuster License/Registration Form.
- Second, provide documentation that exam(s) have been passed.
- Third, complete the CHRI Request and Release Form.
- Fourth, submit $80 fee.
- Fifth, submit a Surety bond.
Where can I get an Idaho Public Adjuster Bond?
At Surety1, we make things easy for you. Start the process by completing our easy-to-navigate, free online application form. Next, one of our surety agents will contact you with a no-obligation quote for the bond premium. After that, once you decide to move forward with us, you just need to pay the bond premium and sign the paperwork. We will send your Idaho Public Adjuster Bond out to you through USPS Priority Mail. Overnight delivery is available for an additional fee.
Founded in 2003, licensed in all 50 states, we continue to maintain an A+ rating from the Better Business Bureaufor our outstanding customer service.