What is the Illinois Public Adjuster Bond?
The Illinois Public Adjuster Bond is required by the Illinois Department of Insurance under the Public Adjuster’s Regulatory Act in the amount of $20,000. This bond guarantees that public adjusters will follow the Public Adjuster’s Regulatory Act, and if they do not, a claim will be placed on the bond. To determine the cost of this bond, simply complete our easy online application. This bond must be submitted by all who wish to get a public adjusters’ license. These are people who, for compensation or any other thing of value, one behalf of the insured:
- Acts or aids, solely in relation to first party claims arising under insurance contracts that insure the real or personal property of the insured, in adjusting a claim for loss or damage covered by an insurance contract;
- Advertises for employment as a public adjuster of insurance claims or solicits business or represents himself or herself to the public as a public adjuster of first party insurance claims for losses or damages arising out of policies of insurance that insure real or personal property; or
- Directly or indirectly solicits business, investigates or adjusts losses, or advises an insured about first party claims for losses or damages arising out of policies of insurance that insure real or personal property for another person engaged in the business of adjusting losses or damages covered by an insurance policy for the insured.
How do I obtain a Illinois Public Adjuster Bond?
Surety Solutions Insurance Services Inc was established in 2003. Although our headquarters are located in California, we are actually licensed in all 50 states. We have also partnered with several surety markets to ensure that we would only offer the best rates for all our clients. Our application processing time is also very fast, with some applications taking just a business day to get approved!
If you wish to get this surety bond from us, please fill out and submit an online application form. You will then be contacted by our licensed agents who will give a no-obligation quote for your bond. If you find the price to your satisfaction, just pay the said amount and sign all the paperwork. We will then send the surety bond through USPS Priority Mail or overnight delivery. With an A+ rating from the Better Business Bureau, you can only expect the best service from us here at Surety1.