What is the definition of Adjuster?

An Adjuster is a person who works for an insurance company. He is responsible for evaluating the losses incurred covered by a certain policy. He looks at the extent of the damage and how much it will cost to replace the lost items that were insured. He also investigates whether the claims are true and valid. He does this by making a visit to the site and looking at the items being insured. He then consults with the claimants, as well as other witnesses and experts. In other words, he computes just how much the insurance company has to pay to settle the claims of policyholders.

An adjuster is different from public adjusters. Public adjusters work basically for the policyholder, trying to settle a claim in exchange for a percentage of the insurance claims payment or settlement.

• Competitive State Fund
• Excess and Surplus Lines
• Commission
• Businessowners Policy / BOP
• Employer’s Liability