I received a cold call from a public adjuster at California Disaster Advocates seeking to represent the remainder of my State Farm claim. Could I face financial or legal risk by signing a contract with them?
I received most of my Dwelling coverage, and State Farm forwarded 30% of my Personal Property coverage in the months following the fire. The public adjuster would take 33% of any newly-acquired money. The contract states they would not be entitled to any money I already received. The adjuster said there’s no risk on my end since they wouldn’t make any money if State Farm doesn’t pay anything additional.
As an analogy, I feel concerned that, by signing a contract, the public adjuster and State Farm could have a proxy war through my claim, putting me at financial or legal risk. Could that happen, or am I making that up?
Could this be a scam or do I have nothing to lose?
Thank you so much.