An adjustor is a professional who evaluates insurance claims to determine the extent of the insurer's liability. They investigate claims, assess damages or losses, review policy terms, and negotiate settlements with claimants. Adjustors often work for insurance companies but may also be independent contractors. Their role requires a strong understanding of insurance policies, legal principles, and negotiation techniques. They aim to ensure fair and accurate claim resolution, balancing the interests of the insured and the insurer. The job also involves documenting findings, writing reports, and potentially representing the company in legal proceedings. They are essential for a functioning insurance system.
Adjustor meaning with examples
- After the hurricane, the homeowner contacted their insurance company, and an adjustor was dispatched to assess the damage to their property. The adjustor meticulously inspected the roof, walls, and foundation, documenting the extent of the destruction. They carefully reviewed the homeowner's policy to determine coverage.
- Following a car accident, the insurance adjustor interviewed both drivers and witnesses. The adjustor reviewed the police report and assessed the vehicle damage. They determined the cause of the accident and the extent of each party's liability, ultimately leading to a settlement.
- The company hired an independent adjustor specializing in commercial property claims to handle the massive fire at the warehouse. The adjustor worked with the building's owner to evaluate the losses, considering structural damage, lost inventory and interruption to their business operations.
- During the negotiation process, the insurance adjustor presented a fair offer to the claimant, which was less than the amount requested, yet the adjustor backed it up with thorough documentation. This was done by the adjuster to balance the requirements of the policy, and the client.
Adjustor Synonyms
appraiser claims adjuster examiner insurance adjuster investigator loss adjusterAdjustor Antonyms
beneficiary claimant insured policyholderAdjustor Crossword Answers
8 Letters
ADJUSTER
10 Letters
CLAIMAGENT
14 Letters
CLAIMSADJUSTER CLAIMSADJUSTOR