Claim Adjustment
Claim Adjustment refers to the process of reviewing and modifying an insurance claim to ensure it accurately reflects the circumstances of the loss or damage. This process is typically initiated when a claim is filed by a policyholder, and it involves assessing the details provided, verifying coverage, and determining the appropriate compensation.
During Claim Adjustment, insurance adjusters evaluate the evidence, such as photographs and repair estimates, to make informed decisions. Their goal is to ensure that claims are settled fairly and in accordance with the terms of the insurance policy, balancing the interests of both the insurer and the insured.