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Gaton
New Member

Are claim adjusters fees an expense as legal and professional fees in a rental property?

A claim adjuster used to process a claim with property insurance. The insurance eventually paid, legal fees from adjuster where 20% of the proceeds. 

Are the fees classified as a Legal Expense?

Thank you for any feedback.

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1 Best answer

Accepted Solutions
MinhT
Expert Alumni

Are claim adjusters fees an expense as legal and professional fees in a rental property?

The claim adjuster fees are not exactly legal fees, but they can be claimed as rental expenses and categorized as Professional fees.

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3 Replies
MinhT
Expert Alumni

Are claim adjusters fees an expense as legal and professional fees in a rental property?

The claim adjuster fees are not exactly legal fees, but they can be claimed as rental expenses and categorized as Professional fees.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Gaton
New Member

Are claim adjusters fees an expense as legal and professional fees in a rental property?

Thank you for the prompt answer. Do I put the expense under Other Expenses? or under Legal and Professional Fees?
MinhT
Expert Alumni

Are claim adjusters fees an expense as legal and professional fees in a rental property?

You can categorize the fees as Legal and Professional fees.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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