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Public Adjuster Fees Capped

Florida's Department of Financial Services recently stated that the maximum fee public adjusters can charge for tornado victims in affected counties is capped at 10 percent of the claim payment. In

By Staff Writer | Updated on January 02, 2007

Florida’s Department of Financial Services recently stated that the maximum fee public adjusters can charge for tornado victims in affected counties is capped at 10 percent of the claim payment. In addition to the fee restrictions, Florida public adjusters are prohibited from demanding or accepting any type of advance fees, retainers, or other compensation prior to any payment being made on the claim.

The public advisement came after Gov. Jeb Bush declared a state of emergency in Pasco, Volusia, Lake, and Columbia counties as a result of widespread damage from tornadoes that struck on Christmas Day.

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