If you have ever been a victim of any natural calamity or accident and filed a claim for the compensation of the loss occurred, then you must have surely dealt with loss adjusters. They play a vital role in your claim. They are engaged by the insurance companies. Their need is mainly highlighted at the time of a major loss or disaster.
However, a loss adjuster is expected to be impartial, but his loyalty lies more towards the company for which he is working. A claimant can also hire the services of an insurance professional. A loss adjuster makes sure that proper guidelines of the claim are being followed. He will use all tact's and means to make sure that you settle for an amount less than what you are actually entitled to. The insurance companies for whom they are working want them to settle the claim as quickly as possible. They will attempt to win the assurance and confidence of the claimant at the earliest break. A loss adjuster needs to build up the skill to go with human optimism.
Their first duty is to determine and establish as to what extent the insurance company is accountable under the insurance policy. They play a crucial role at the onset of the loss. It is the duty of the claimant to complete all the paperwork related to the claim submission before handing them to the insurance company during their first meet as a loss adjuster is not going to lend any help to the claimant in this regard.
A loss adjuster after visiting the site of accident prepares an estimate of the loss and prepares a report that will incorporate facts, opinions, and recommendations to be handed over to the insurance company. He will also check whether there are any other policies which may be brought into the allotment of loss and, if so, he is the expert for dividing up the loss to each policy.
The policyholder has to be very smart. A claimant should not hide anything from them. They are in this profession from many years and preserving any kind of information or lying is not going to get you anywhere. Dealing with an adjuster is something no one looks forward to. The claimant has to be very patient. Thus, the fundamental role of a loss adjuster is to represent the insurance company by finding out all the details and information and then using them to negotiate a settlement.
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