Insurance Word of The Week (4)

Our fourth insurance word of the week is: Adjuster

Definition
An individual employed by a property/casualty insurer to evaluate losses and settle policyholder claims. These adjusters differ from public adjusters, who negotiate with insurers on behalf of policyholders, and receive a portion of a claims settlement. Independent adjusters are independent contractors who adjust claims for different insurance companies.

Or….

A person appointed or employed to settle or arrange matters that are in dispute; one who determines the amount to be paid on a claim. An insurance adjuster determines the extent of the insurance company’s liability when a claim is submitted.

A public adjuster is a self-employed person who is hired by litigants to determine or settle the amount of a claim or debt.

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Hi My name is Andrew and my area of expertise is car insurance. I have many years experience within the industry and have built up a considerable amount of knowledge.

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Posted in Insurance Glossary

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