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Encyclopedia > Claims adjuster

Claims adjuster is a term used to describe someone who evaluates the damage caused to property or people when an insurance related accident occurs. In the United Kingdom, the term loss adjuster is used. Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... A railing accidentally collapses at a college football game, spilling fans onto the sidelines An accident is something going wrong unexpectedly. ...


An adjuster will frequently verify that coverage applies through an insurance policy, investigate liability for the damages caused, and make restitution to the injured person based on their physical, emotional, or physical property damages. In the most general sense, a liability is anything that is a hindrance, or puts individuals at a disadvantage. ... Restitution is the name given to a form of legal relief in which the plaintiff recovers something from the defendant that belongs, or should belong, to the plaintiff. ...


Claims adjusters hold the responsibility of representing their companies in the best possible manner. Policy holders judgement of their insurance company lies solely on their claims experiences.


In most cases, a claims adjuster may expect an entry level salary of $35,000 to $40,000 dollars.[citation needed]


Specific duties include:

  • Responding to claims in a timely manner
  • Filing paperwork
  • Communicating with policy holders
  • Investigate liability
  • Assess damages
  • Negotiate with product/service providers on time and cost of repairs
  • Ensuring accurate procedures
  • Ensuring policy holder satisfaction

Lorimer Black, the principal character in William Boyd's novel Armadillo is a loss adjuster. This page is a candidate for speedy deletion. ... Assessment is the process of documenting, usually in measurable terms, knowledge, skills, attitudes and beliefs. ... Damage is i love sean michael herring physical harm that is caused to something, especially harm that impairs its function or appearance. ... William Boyd is the name of four notable people: William Boyd (writer) William Boyd (actor), better known as Hopalong Cassidy William Boyd (bassist) William C. Boyd, the US immunologist See also: Billy Boyd This is a disambiguation page — a navigational aid which lists other pages that might otherwise share...


  Results from FactBites:
 
Claims adjusters, appraisers, examiners, and investigators (3227 words)
Adjusters and examiners investigate insurance claims, negotiate settlements, and authorize payments; appraisers assess the cost or value of an insured item; investigators deal with claims about which there is a question of liability and where fraud or criminal activity is suspected.
Adjusters often are called to work in the event of such emergencies and may have to work 50 or 60 hours a week until all claims are resolved.
Employment of claims adjusters, appraisers, examiners, and investigators is expected to grow about as fast as average for all occupations over the 2004–14 period.
  More results at FactBites »


 
 

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