The job of the adjuster is to find the policyholder the coverage he or she needs to avoid losing money on the loss. The job of the adjuster is to get the policyholders claims paids claims covered. In order to accomplish that the adjuster uses the scientific process and judgment as applied to assessing the loss information.
The job of the public insurance adjuster is to help policyholders avoid losing money on their insurance claims. The adjuster is trained to weigh claims against policyholders individual needs and wants. The adjuster, as a result, knows what kind of policyholders he or she will represent and what kind of policyholders he or she will recommend to the insurance companies.
For policyholders, the adjuster can be an ally or a predator in insurance situations. As a result, the adjuster can do a poor job of balancing the risks of the policyholders. As a result, policyholders have lost money and even had their homes lose because of the bad experience of the adjuster.
An insurance adjuster is trained to weigh claims and to work within the insurance company’s policy limits. An adjuster can help policyholders with policyholders losses in such a way that policyholders may find the best possible policy with respect to the level of coverage they need while avoiding the loss of money on their insurance claims.
An insurance adjuster is, among other things, an attorney and an accountant. An adjuster is licensed to practice insurance in the state where he or she works. Adjusters, as a result, know the rules of the insurance game, and have learned to work within the insurance company’s policy limits. This gives adjusters, as a result, the right tools to help policyholders find the best possible policy without losing money on their insurance claims.
An adjuster will need to be very aware of the facts of the claim. If the claim involves a single loss the adjuster should be able to name the items damaged and the dollar value of each item. If there is more than one loss involving a single item, the policyholder should know the items involved and the dollar value of each item.
Insurance companies expect policyholders to give the appropriate information to the adjuster. The information is usually requested when the insurance company, following an investigation, sends out an adjuster to inspect the loss or damage. The adjuster will want the information to make a fair and just determination of the policyholder’s loss. The policyholder has a right to know what has been and what has been lost.
The adjuster has to know the rules of the game. The adjuster has to know the amount of coverage (replacement cost) of the loss and the limits of coverage (policy limits). The adjuster should know the date of loss and the insurer’s policy numbers.
Insurance companies have their own rules that govern how a claim should be settled. Policies vary, but generally, policies are for damages to property, the replacement cost of property or both. Policy limits include, among other things, whether a single item is covered, items not included in the policy, items that are not included in the policy, whether a deductible is required and items covered only up to the policy limits, a list of excluded perils and items covered in the policy, items replaced at a replacement cost, and a list of loss mitigation items to be used in lieu of receipts for items replaced.
How the adjuster can tell the company’s rules are being followed is to compare the terms and conditions. The company’s rules are written and the adjuster’s job is to follow them to the letter.
When the company has the adjuster’s attention, he should be able to point out problems that may be affecting the claims process. When the company can point out the problems, the adjuster should go back to the company and request changes to the company’s procedures.
After the adjuster has all of this information, the adjuster should go back to the company and inquire about what actions can be taken to make sure that the process is as it should be.