To be eligible for and to maintain a resident or non-resident public adjuster license in the State of Delaware, the Department of Insurance requires a $20,000 Public Adjuster Bond to be on file.
Jet Insurance Company provides the Public Adjuster Bond as a financial assurance to the Department’s Commissioner that funds are available in rare cases where the public adjuster has committed a license violation.
Purchase the Delaware Public Adjuster Bond instantly for just $15 a month!
At Jet, the $20,000 Public Adjuster Bond is available at the guaranteed price of $150 for a one-year term or a convenient $15 a month.
In addition, Jet offers multi-year bond terms at the following affordable rates. Take a look at the price chart below for full details.
Bond Term | Cost |
---|---|
Monthly | $15 |
1 Year | $150 |
2 Years | $263 |
3 Years | $375 |
Simply select the “Secure Your Bond” button above to purchase the bond instantly.
Once licensed by the Delaware Department of Insurance, a public adjuster is responsible for the negotiation and settlement of property/casualty claims on behalf of policyholders. This process is often complicated and can be drawn out, so it is essential that the public adjuster follow applicable license regulations pursuant to Title 18, Chapter 17A of the Delaware Insurance Code, as well as fulfill all customer contract obligations.
If a license violation is committed (e.g. negligence, unethical conduct, fraud, breach of contract, etc.), the Department’s Commissioner is permitted to file a claim against the public adjuster’s surety bond. Funds from the Public Adjuster Bond may then be used as a means of restitution to any damaged party (i.e. policyholder or insured customer of the licensee) that has suffered from financial losses as a result of the public adjuster’s dishonest actions.
No application is needed! All you need to do is select the “Secure Your Bond” button below to get started with your purchase. The Jet team solely requires your contact details and payment information to be submitted. As soon as the bond has been officially purchased, Jet will provide you with a copy of your receipt and bond form via the email address on file.
For details on how to file your bond with the Department of Insurance, read further below.
The Jet team can file your surety bond for you at no extra cost! However, if you would prefer to file the bond form yourself, the option to do so may be selected at checkout.
A copy of the signed Public Adjuster Bond form, along with any other required paperwork, must be submitted to the Delaware Department of Insurance at the following mailing address:
Delaware Department of Insurance
1351 W. North Street, Suite 101
Dover, DE 19904
Details on how to apply and/or renew a public adjuster license can be found on the Department’s Producer Licensing webpage.