Claims Adjustment
Claims adjustment is the process of reviewing and modifying insurance claims to ensure they are accurate and fair. This involves assessing the details of the claim, such as the circumstances of the loss, the policy coverage, and any supporting documentation provided by the policyholder. The goal is to determine the appropriate compensation based on the terms of the insurance policy.
During claims adjustment, claims adjusters play a crucial role. They investigate the claim, gather evidence, and communicate with both the policyholder and the insurance company. Their findings help in making informed decisions about the claim's validity and the amount to be paid, ensuring a transparent and efficient resolution.