Loss Adjusting
Loss adjusting is the process of assessing and evaluating claims made by policyholders after an insurance event, such as damage or loss. A loss adjuster investigates the circumstances surrounding the claim, reviews relevant documentation, and determines the extent of the insurer's liability. This helps ensure that claims are settled fairly and accurately.
The role of a loss adjuster is crucial in the insurance industry, as they act as intermediaries between the insurance company and the policyholder. Their findings can influence the amount of compensation paid, ensuring that both parties are treated justly in the claims process.