Adjuster

Also known as claim adjuster, he is an insurance company worker who is primarily responsible for investigating and settling all claims as demanded by claimants who are under the insurance policy.

He has the responsibility of evaluating and paying the available claim to the policyholder. The payment of claim by the adjuster is only carried out after all proceedings are verified. They are majorly concerned with the reimbursement of losses.

The claims that are settled by the adjuster may be determined by the terms of policy, policy limits, or the premiums or deductible of the insurance company. The adjuster offers his service according to the policies of the insurance company.

The claim that is offered by the adjuster is tantamount to the total amount of loss suffered by the policyholder for a complete reimbursement.

Posted in: Glossary of Auto Insurance (A)