Adjuster

Business, Legal & Accounting Glossary

Definition: Adjuster


Quick Summary of Adjuster


An individual whose job it is to assess losses and settle policyholder claims.



What is the dictionary definition of Adjuster?

Dictionary Definition


One who adjusts, especially for the insurance industry’s employment title “loss adjuster” (or “claims adjuster” in the United States).

n. an employee (usually a non-lawyer) of an insurance company or an adjustment firm employed by an insurance company to negotiate an early settlement of a claim for damages against a person, a business or public body (like a city). While a fair and responsible adjuster can serve a real purpose in getting information and evaluating the case for the insurance company, some adjusters try to make a settlement before the injured person has retained an attorney (“don’t worry, we’ll pay your bills. You don’t need an attorney. He’ll only confuse things.”), get a statement from the injured without counsel, or delay the payout with the promise he/she will negotiate any reasonable demand, and then making an offer of payment that is absurdly low. Some insurance companies try to make the attorney deal with the adjuster, which is cheaper than sending the case to defence attorneys. Adjusters also represent the company in approving settlements.


Examples of Adjuster in a sentence


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.


Synonyms For Adjuster


loss adjuster, claims adjuster

Cite Term


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https://payrollheaven.com/define/adjuster/
Modern Language Association (MLA):
Adjuster. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 30, 2020 https://payrollheaven.com/define/adjuster/.
Chicago Manual of Style (CMS):
Adjuster. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/adjuster/ (accessed: November 30, 2020).
American Psychological Association (APA):
Adjuster. PayrollHeaven.com. Retrieved November 30, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/adjuster/

Definition Sources


Definitions for Adjuster are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.