Property insurance companies will no longer be allowed to prevent their policyholders from hiring public adjusters.
Louisiana Gov. John Bel Edwards announced Monday that he signed into law a bill from Sen. Royce Duplessis, D-New Orleans, and Rep. Ray Garafalo, R-Chalmette, that prohibits insurers from inserting anti-public adjuster clauses into property insurance policies. The law will take effect on Aug. 1.
In most cases when a person files an insurance claim, the insurance company assigns a claims adjuster to assess the property damage and calculate the payout amount based on the levels of coverage spelled out in that person’s policy.
Instead of using the company’s adjuster, a policyholder can hire a third-party public adjuster to assess the damage.