1. Insurance Terms & Definitions/
  2. Insurance Terms Starting With I

Insurance Adjuster

What is a Insurance Adjuster?

Insurance Adjuster may refer to a professional who is hired to investigate and settle insurance claims. An Insurance Adjuster is responsible for determining the amount of compensation that the insured party is entitled to receive based on the terms of the policy. The Insurance Adjuster has the task of making sure that the claim is properly documented and that all of the necessary information is collected, including the facts of the incident, the policy details, and any evidence that might help to support the claim. The Insurance Adjuster will also negotiate with the insurance company and the claimant to ensure a fair and reasonable settlement.

Insurance Adjuster in More Detail

The job of an Insurance Adjuster requires a great deal of knowledge and skill in order to accurately assess the situation and fairly evaluate the claim. Adjusters must also be knowledgeable in the law and regulations that govern the insurance industry in order to ensure that all claims are settled in accordance with the policy.

In some cases, the Insurance Adjuster will be required to examine the scene of an accident or disaster in order to determine the cause and extent of the damage. This requires the Insurance Adjuster to be familiar with the relevant laws and regulations that govern the area in which the incident occurred.

In summary, an Insurance Adjuster is a professional hired by an insurance company to investigate and settle insurance claims. The Adjuster is responsible for accurately determining the amount of compensation that the insured party is entitled to receive and ensuring that the claim is properly documented and all relevant information is collected. The Adjuster will also negotiate with the insurance company and the claimant to ensure a fair and reasonable settlement.

Post Views2K