(TRENTON) - After hearing complaints from homeowners affected by Superstorm Sandy who claimed they were overcharged by public adjusters, Assembly Speaker Pro Tempore Jerry Green (D-Union/Middlesex/Somerset) today announced plans to introduce a bill that would cap how much a public adjuster can charge a homeowner for insurance claim assistance for certain emergencies.
Green said he decided to pursue the bill after hearing numerous complaints during a meeting in Union County from homeowners affected by Sandy who were overcharged by public adjusters hired to appraise their insurance claims. Public adjusters are experts on property loss adjustment who are retained exclusively by policyholders to assist in preparing, filing and adjusting insurance claims.
"Public adjusters are supposed to represent and look out for the best interests of the homeowner, but according to these residents, some of these adjusters were charging up to 40 to 50 percent of what the insurance company was to pay eventually. This is a crime. A loan shark doesn't even charge that much," said Green. "Unfortunately, there is nothing currently in the books to prevent these individuals from taking advantage of these homeowners. This bill changes that."
Contact Eva Loayza at (609) 847-3500
George Norcross III has become the majority owner of the Philadelphia Inquirer and philly.com, according to published reports.Read More >
Martinez not interested in Christie-Martinez 2016 ticket, report saysNew Mexico Gov. Susana Martinez wasn't interested in being considered a vice presidential contender in 2012, and the same could be said for 2016.At least, that's the word according to published reports that indicate the Republican executive wouldn't be interested in...
By Christopher Durkin Many New Jersey lawmakers have fought to make it easier to vote. And there has been considerable progress in terms of voter access and information. Voter registration has been made easier, with forms available online that... Read More >
“I want to be re-elected. I love my job.” - Essex County Executive Joe DiVincenzo- PolitickerNJ.com
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.