Claims adjusters review insurance claims to verify the claim and to determine a fair amount for settlement. For example, if an insured homeowner makes an insurance claim due to a tree falling on the house, a claims adjuster would interview the claimant (homeowner) and any witnesses and inspect the property to determine the extent of the damage, and the costs of repairing the property. The claims adjuster then submits to the insurance company documentation describing the incident and recommendations for the claim amount (how much money the insured will receive from the insurance company to repair the property).
Investment dictionary. Academic. 2012.
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Claims adjuster — Claims adjusters investigate insurance claims by interviewing the claimant and witnesses, consulting police and hospital records, and inspecting property damage to determine the extent of the company’s liability. In the United Kingdom, Ireland … Wikipedia
claims adjuster — ➔ adjuster * * * claims adjuster UK US noun [C] (also claim adjuster, also UK claims assessor) INSURANCE ► a person whose job is to get information for an insurance company in order to decide how much money it should pay for a claim of damage or… … Financial and business terms
claims adjuster — claims adjusters also claims adjustor N COUNT A claims adjuster is someone who is employed by an insurance company to decide how much money a person making a claim should receive. [AM] Syn: insurance adjuster (in BRIT, use loss adjuster) … English dictionary
claims adjuster — noun one who investigates insurance claims or claims for damages and recommends an effective settlement • Syn: ↑adjuster, ↑adjustor, ↑claims adjustor, ↑claim agent • Derivationally related forms: ↑adjust (for: ↑adjustor … Useful english dictionary
claims adjuster — Fin somebody who determines the value of a claim made under an insurance policy. U.K. term loss adjuster … The ultimate business dictionary
claims adjuster — noun A person who investigates insurance claims in order to determine the liability of the insurance company … Wiktionary
adjuster — ad‧just‧er [əˈdʒʌstə ǁ ər] noun [countable] claims/insurance/loss adjuster INSURANCE a person or company whose job is to assess the value of loss or damage for someone who has claimed on their insurance: • The loss adjuster feels there is… … Financial and business terms
claims assessor — UK US noun [C] UK INSURANCE ► CLAIMS ADJUSTER(Cf. ↑claims adjuster) … Financial and business terms
claims adjustor — noun one who investigates insurance claims or claims for damages and recommends an effective settlement • Syn: ↑adjuster, ↑adjustor, ↑claims adjuster, ↑claim agent • Derivationally related forms: ↑adjust (for: ↑adjustor … Useful english dictionary
Adjuster — An insurance claims agent. A claims adjuster is charged with evaluating an insurance claim to determine the insurance company s liability under the terms of an owner s policy. There are different types of adjusters. They may represent the… … Investment dictionary