What must a public adjuster obtain before acquiring interest in salvaged property?

Before a public adjuster can acquire interest in salvaged property, they must obtain written consent and permission from the insured. This requirement is crucial because it ensures that the insured party is fully aware of the adjustments being made and the implications of transferring interest in any salvaged property.

Written consent provides a clear record of agreement between the insured and the public adjuster, which is particularly important in the context of legal accountability and dispute resolution. It helps protect the rights of the insured, ensuring that they understand and authorize the actions taken regarding the salvage.

Acquiring only verbal agreement might lead to misunderstandings or disputes later, and the absence of formal documentation could challenge the legality of the adjuster's claim to the salvaged property. Similarly, while authorization from the insurance company is essential for other transactions involving claims, it does not replace the need for the insured's consent regarding salvaged property. Furthermore, while a contract with the insured is critical for defining the scope of the adjuster's representation, specific consent about salvaged property is still necessary. Therefore, obtaining written consent and permission is not just a best practice; it is typically mandated by regulations governing public adjusters to ensure proper ethical conduct.