Insurance Adjuster Bonds
An insurance adjuster bond is a state-required surety bond for professionals who investigate insurance claims, evaluate property or liability damage, and negotiate settlements on behalf of an insurer or claimant. State insurance departments require a surety bond to protect consumers and insurance companies from financial harm caused by misconduct.
We offer the following Insurance Adjuster Bonds:
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Insurance Adjuster Bond Cost
The premium of an insurance adjuster bond varies by state. Most insurance adjuster bonds are issued at affordable flat rates, depending on the bond amount and underwriting requirements. Get a free quote from NNA Surety today.
Choosing an Insurance Adjuster Bond
The insurance adjuster bond you need depends on how you operate within the insurance industry. States regulate adjusters differently, and your license type determines which surety bond form applies.
Whether you represent an insurance company or work independently for policyholders, your state may require a specific bond amount to protect consumers from improper claims practices.
How Insurance Adjuster Bonds Work
Insurance adjuster bonds involve three parties: the licensed adjuster (principal), the state’s Department of Insurance requiring the bond (obligee), and the surety (company issuing the bond).
A claim may be made against the surety bond if an adjuster falsifies reports, mishandles funds, or acts in bad faith. The surety then investigates the claim and if valid compensates the affected party out of the bond’s policy. The adjuster is then required to reimburse the surety for any claims paid out.
How to Get an Insurance Adjuster Bond
While requirements may vary by state, here are the general steps to getting an insurance adjuster bond with NNA Surety:
- Confirm Bond Requirements: Review your state’s adjuster licensing page to determine the required bond amount and license type.
- Apply for the Bond: Provide your personal and business information as well as payment details.
- Receive the Bond: Download your bond and file it according to your state’s bonding requirements.
Tip: Some states require the bond to be filed before the license application can be approved. Check your state’s deadline to avoid delays.
Get Your Insurance Adjuster Bond Today
Meet your state’s insurance adjuster bond requirements with NNA Surety. Our simple online application can help you get bonded within minutes. For more information, call 855-215-2160.
The Simple Bonding Process
