How much does a $50,000 public adjuster bond cost in Florida?
Florida public adjuster bonds cost $500 when you use SuretyBonds.com. There is no underwriting required, so everyone qualifies!
We issue these bonds instantly online. Simply click Buy Now to visit our secure bond checkout to purchase your bond today. In just a few minutes you can be on your way to becoming a bonded public insurance adjuster in Florida.
|Bond Type||Bond Amount||Cost|
|$50,000 Public Adjuster Bond||$50,000||$500|
Why do I need this bond?
The Florida Department of Financial Services requires public insurance adjusters to post $50,000 surety bonds in order to become licensed. By posting a Florida public adjuster’s bond, the principal (public adjuster) pledges to conduct business in compliance with the provisions of the public adjuster laws, Part IV of Chapter 626, Section 626.851 through 626.878 of the Florida Statutes and the rules and regulations of The Department of Financial Services.
If the public adjuster fails to comply with these terms, the bond protects the Florida Department of Financial Services from financial loss. Specifically, the bond authorizes the department recovery of the damages sustained if the principal is guilty of fraud or unfair practices in connection with his or her business as a public adjuster.
What’s the fine print?
Florida public adjuster bonds remain in full force until canceled. The surety can cancel the bond by giving written notice of cancellation to the principal and the department. The bond will be canceled 30 days from the receipt of said notice.
How to become a public adjuster in Florida
Florida insurance adjusters are required to be licensed in order to conduct business in the state. To get a Florida adjuster license, applicants must meet the following requirements: * Minimum 18 years old * Resident of Florida or maintain principal place of business in Florida * U.S. citizen or legal alien possessing work authorization from U.S. Immigration and Naturalization Services * Complete public adjuster apprenticeship and proper documentation OR have previously held an All Lines or Property and Casualty Public Adjuster license and appointment in Florida OR currently hold an All Lines or Property and Casualty Public Adjuster license in Florida for past year AND file an original $50,000 surety bond on form provided by the department
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