How much does a public adjuster bond cost in Idaho?
Public adjusters in Idaho must post a $20,000 surety bond with the Idaho Department of Insurance.
SuretyBonds.com issues these bonds instantly for $100. Simply click Buy Now to visit our secure bond checkout to purchase your bond online today. In just a few minutes you can be on your way to being bonded as a public adjuster in Idaho.
|Bond Type||Bond Amount||Cost|
|$20,000 Public Adjuster Bond||$20,000||$100|
Why do I need this bond?
By purchasing a public adjuster bond in Idaho, the applicant guarantees consumers that his or her duties as an adjuster will be performed faithfully and honestly. If the applicant conducts business unethically, such as charging fees on a client’s settlement that were not originally agreed upon in the contract, this bond will protect the client from resulting financial losses.
If the principal violates the terms of his or her bond agreement and a consumer is harmed as a result, the surety will pay for all damages up to the full bond amount.
What’s the fine print?
Idaho public adjuster bonds remain in full force for one year unless canceled. The surety has the right to 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 the notice.
How to become a public adjuster in Idaho
In addition to obtaining a surety bond in Idaho, applicants must complete all additional licensing requirements, including passing the licensing examination, providing a fingerprint receipt, and paying the $80 application fee.
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