Business, Legal & Accounting Glossary
An individual whose job it is to assess losses and settle policyholder claims.
One who adjusts, especially for the insurance industry’s employment title “loss adjuster” (or “claims adjuster” in the United States).
If you are going to file a claim for property damage after a major storm, you need to wait to make repairs until after the adjuster has inspected the property.
In some insurance companies, the adjuster has the ability to make decisions about whether or not to increase the payment on a claim.
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This glossary post was last updated: 13th February, 2020