Illinois Public Adjuster Bond
1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
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How Much Does an Illinois Public Adjuster Bond Cost?
The cost of a public adjuster bond in Illinois is between $500 and $5,000. The state requires licensed public adjusters to have a $50,000 surety bond. However, you do not need to pay the full bond amount to meet this requirement.
As a trusted and authorized surety company in Illinois, we sell public adjuster bonds for a bond premium. Our competitive rates range from 1% to 10%. Your bond rate will be based on several qualifying factors, such as your financial assets, professional resume and credit scores.
We have proudly served the state’s bond needs for over a decade, and we issue bonds to more than 99% of our applicants. All credit scores are considered. With a 700 or higher score, your rate will be between 1% and 3%. In this case, your new surety bond will cost between $500 and $1,500.
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Surety Bond Cost Based on Credit Score |
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Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
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Illinois Public Adjuster Bond |
$50,000 |
$500 - $1,500 |
$1,500 - $2,500 |
$2,500 - $5,000 |
How to Get an Illinois Public Adjuster Bond
1. Apply For Your Bond
Purchasing your surety bond is a fast and easy process. Often, our customers can complete our three-step process and get their bond in one day. Our simple process begins when you complete the online application.
2. Get Your Bond Quote
Your bond application will be reviewed immediately, so you can expect a bond quote within minutes. For complex applications requiring additional review, quotes are provided within 48 hours.
When a new customer, Hugh, contacted us recently, he needed to buy a bond quickly to complete the state’s licensing process. It only took him a few minutes to apply and get a bond quote from us. On the same day, he received his bond and finalized his licensing application.
3. Purchase Your Bond
After reviewing the quote for your public adjuster bond, make your payment online using our convenient payment portal. Your bond will be prepared and emailed to you right away. We can also mail your bond, if requested.
If you have questions, our bond experts are ready to help. For assistance with your bond, contact us online or by phone at (877) 514-5146.
Public Adjuster Bond Requirements in Illinois
Under Public Adjuster Statute, 215 ILCS 5/Art. XLV, anyone who acts to adjust insurance claims in Illinois must be properly licensed. One of the licensing requirements is a $50,000 surety bond.
The obligee for a public adjuster bond is the People of the State of Illinois. This is a continuous bond and remains in full force until it is canceled. The surety may cancel the bond by providing the Director of the Department of Insurance with a 30-day written notice.
To comply with the state’s licensing requirements, the surety bond must remain in force to maintain the license. The bond premium is due annually. To assist you with the maintenance of your public adjuster bond, we will be in touch before the due date each year with payment instructions.
How to Get Your Public Adjuster License in Illinois
Under the Public Adjuster Rules, 50 Ill. Admin. Code 3118, the Department of Insurance is responsible for public adjuster licensing in Illinois. To apply for a new public adjuster license, the following items are required:
- Application
- Completion of the Illinois Public Adjuster Examination
- $50,000 surety bond
- Public adjuster contract
- Fingerprint consent form
For more information about the bond requirements and how to apply for a public adjuster license in Illinois, please contact:
Illinois Department of Insurance
320 W. Washington Street
Springfield, IL 62701
Phone: (217) 782-4515
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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
