MANAGEMENT

BUISENESS MANAGEMENT

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A person who assesses insurance claims is called a ____
A
loss adjuster
B
claim adjuster
C
insurance adjuster
D
None of the above
Explanation: 

Detailed explanation-1: -A loss adjuster is a person who is employed by an insurance company to evaluate an insurance claim and decide how much money should be paid to a person making a claim. The insurer will send an insurance loss adjuster to assess the damage to your vehicle, after which the insurer will authorize repairs.

Detailed explanation-2: -Adjusters inspect property damage or personal injury claims to determine how much the insurance company should pay for the loss. They might inspect a home, a business, or an automobile. Adjusters interview the claimant and witnesses, inspect the property, and do additional research, such as look at police reports.

Detailed explanation-3: -The Loss Adjuster’s job is to investigate insurance claims on behalf of the insurer once they reach a certain size. The Loss Adjuster plays a crucial role in the insurance claims process and is usually the first person you will come into contact with from the insurance company after a claim is logged.

Detailed explanation-4: -Loss Adjusters are claims specialists. They are required to have specific qualifications in relation to their field of expertise. Loss Assessors are appointed by a person or a group making a claim. The person making the claim will pay their fees and employ them to deal with substantial claims.

There is 1 question to complete.