▁initial ▁settlement ▁was ▁$ 5 0 , 0 0 0 , ▁then ▁a ▁public ▁adjust er ▁might ▁accept ▁a ▁ 2 5 % ▁fee ▁— not ▁on ▁the ▁initial ▁$ 5 0 , 0 0 0 ― ▁but ▁on ▁any ▁additional ▁recovery ▁settlement ▁referred ▁to ▁as ▁" new ▁money ", ▁being ▁a ▁partial ▁claim ▁value ▁of ▁an ▁amount ▁which ▁exceed s ▁the ▁initial ▁$ 5 0 , 0 0 0 ▁settlement , ▁where ▁fe es ▁apply ▁exclus ively ▁to ▁only ▁the ▁additional ▁amount ▁recovered . ▁ ▁However , ▁this ▁additional ▁recovery ▁method ▁of ▁" new ▁money ▁only " ▁means ▁that ▁the ▁public ▁adjust er ▁assumes ▁all ▁of ▁the ▁cost ▁risk ▁and ▁exp ense , ▁with ▁no ▁cost ▁risk ▁shared ▁by ▁the ▁client , ▁hence ▁the ▁higher ▁fee . ▁ ▁( For ▁a ▁claim ▁not ▁covered ▁by ▁the ▁Policy , ▁the ▁public ▁adjust er ▁could ▁experience ▁a ▁business ▁loss ▁from ▁operating ▁exp enses ▁spent ▁on ▁" new ▁money ▁only " ▁claims ▁that ▁are ▁limited ▁to ▁only ▁improved ▁settlement ▁recovery ▁services ). ▁ ▁There ▁are ▁public ▁adjust ers ▁who ▁contract ▁for ▁" new ▁money ▁only " ▁services ▁but ▁charge ▁fe es ▁of ▁ 4 0 % ▁and ▁ 5 0 % ▁to ▁accept ▁that ▁high ▁risk , ▁where ▁any ▁improved ▁settlement ▁benefit , ▁or ▁the ▁new ▁money ▁recovered , ▁is ▁essentially ▁split ▁about ▁even ly ▁between ▁the ▁public ▁adjust er ▁and ▁the ▁client . ▁ ▁It ' s ▁important ▁to ▁note ▁that ▁some ▁states ▁cap ▁public ▁adjust er ▁fe es ▁at ▁levels ▁such ▁as ▁