Loss adjustment is the process used by insurance companies to evaluate and settle claims made by policyholders after a loss occurs. This involves assessing the extent of the damage, determining the value of the loss, and deciding how much compensation the policyholder is entitled to receive based on their insurance policy. The loss adjustment process typically includes an investigation by a claims adjuster, who reviews evidence, interviews involved parties, and may consult experts. The goal is to ensure that claims are handled fairly and efficiently, providing the policyholder with the appropriate compensation for their loss while adhering to the terms of the insurance contract.