How much does a public adjuster bond cost in Washington?
The Washington Office of the Insurance Commissioner requires public adjusters to post $5,000 surety bonds.
SuretyBonds.com issues these bonds instantly for just $100. There’s no underwriting required, so everyone qualifies. Simply click Buy Now to visit our secure payment portal to purchase your bond online today. In just a few minutes you can be on your way to being bonded as a public insurance adjuster in Washington.
|Bond Type||Bond Amount||Cost|
|$5,000 Public Adjuster Bond||$5,000||$100|
Why do I need this bond?
Washington public adjuster bonds ensure that principals (public adjusters) conduct business in accordance with the provisions of RCW 48.17.430. Specifically, the bond guarantees that principals account for all money and any settlement received to all persons requesting the services of the public adjuster.
If the principal violates the terms of his or her bond agreement and consumers are harmed as a result, the surety will pay for all damages up to the full bond amount.
What’s the fine print?
Public adjuster bonds in Washington remain in full force and virtue until canceled. These bonds remain valid for a standard one-year term and must be renewed at the end of each term.
How to become a public adjuster in Washington
Before becoming licensed as an insurance adjuster in Washington, applicants must first determine the type of license he or she needs:
- Individual resident
- Individual non-resident
- Business-entity resident
- Business-entity non-resident
Specific licensing requirements vary by license type.
To become licensed as an individual resident adjuster, applicants must complete the following:
- Meet experience and education requirements
- Schedule and pass the required exam
- Have fingerprints taken
- Apply online for licensure
Ready to get started?