Date Published: November 23, 2023

The Illinois public adjuster bond is increasing from $20,000 to $50,000, effective January 1, 2024. The Illinois Department of Insurance (IDOI) is increasing the bond requirement to better protect consumers from unscrupulous public adjusters.

Public adjusters are individuals or businesses who help policyholders negotiate with insurance companies after a property loss. However, some public adjusters have been accused of engaging in fraudulent or unethicalIllinois public adjuster bond is increasing to $50,000 practices, such as inflating claims, misrepresenting themselves, and engaging in kickbacks. The increased bond amount is designed to deter these practices and provide additional protection for consumers. The IDOI believes that the increase will make it more difficult for unscrupulous public adjusters to operate in Illinois and will help to ensure that consumers are receiving fair treatment.

If you are a public adjuster in Illinois, you must purchase a new $50,000 bond by January 1, 2024. You can apply for the new bond now.

What does the Illinois Public Adjustor Bond Do?

The Illinois Public Adjuster Bond is a type of surety bond that is required by the Illinois Department of Insurance (IDOI) for all public adjusters who are licensed to operate in the state. It is a financial guarantee that the public adjuster will conduct their business honestly and in accordance with the law. The bond is intended to protect consumers who have been harmed by unscrupulous public adjusters.

If the surety company pays a claim on the bond, it will seek restitution from the bond principal (licensee).

If you are a policyholder considering hiring a public adjuster,

be sure to do your research and choose a reputable adjuster. You can check the public adjuster’s license and complaint history with the IDOI. You should also get everything in writing from the public adjuster, including the fee agreement and the scope of services. Be aware of your rights under Illinois law, including the right to rescind the contract with the public adjuster within three days of signing it. is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, is the premier provider of surety bonds for the construction industry, nationwide, since 2003.
Contact Surety1

How to Get Bonded

1. Apply Online
Using our Free & Secure Application
2. Get Your Free Quote
Applications are No-Obligation
3. Get Your Bond
Most Bonds are Approved in 1-2 Business Days

Surety Bond Experts

Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.

Get started with the bond application process today.

Most bonds are fully processed within 1-2 business days. In some cases, you'll hear back from Surety1 within hours!