claims adjusters
Damage assessment specialists
Claims adjusters are insurance company employees who investigate and evaluate claims to determine how much the insurer should pay.
They inspect damage, review documentation, interview claimants, and negotiate settlements.
The job requires balancing policyholder interests against company liability: The claims adjuster totaled my car after the accident.
Also called insurance adjusters.
Assessment of monetary worth
- appraisalEstimation of worth
- estimateInformed guess at quantity
- evaluationDetermining worth or quality
- damage assessmentMeasuring harm's extent
inspection · examination · verification · documentation · investigation · analysis · review · audit
Money distributed to recipient
- compensationPayment for services rendered
- damagesCompensation for injury
- reimbursementPayment for incurred expenses
- indemnificationCompensation for loss suffered
disbursement · award · resolution · payment · recovery · total loss · partial loss · replacement cost
Owner of insurance contract
- coverageExtent of inclusion
- liabilityLegal or financial obligation
- deductibleOut-of-pocket threshold amount
- exclusionsThings deliberately left out
premiums · underwriting · indemnity · subrogation · endorsement · casualty · property damage · insured
Intervention to resolve conflict
- arbitrationNon-court binding dispute resolution
- compromiseAgreement through mutual sacrifice
- dispute resolutionSettling conflicts formally
- hagglingNegotiating a lower price
concessions · counteroffer · bad faith · good faith · representation · advocacy
valuation
Assessment of monetary worth
- appraisalEstimation of worth
- estimateInformed guess at quantity
- evaluationDetermining worth or quality
damage assessment · inspection · examination · verification · documentation · investigation · analysis · review · audit · survey
payout
Money distributed to recipient
- compensationPayment for services rendered
- damagesCompensation for injury
- reimbursementPayment for incurred expenses
indemnification · disbursement · award · resolution · payment · recovery · total loss · partial loss · replacement cost · depreciation
policyholder
Owner of insurance contract
- coverageExtent of inclusion
- liabilityLegal or financial obligation
- deductibleOut-of-pocket threshold amount
exclusions · premiums · underwriting · indemnity · subrogation · endorsement · casualty · property damage · insured · insurer
mediation
Intervention to resolve conflict
- arbitrationNon-court binding dispute resolution
- compromiseAgreement through mutual sacrifice
- dispute resolutionSettling conflicts formally
haggling · concessions · counteroffer · bad faith · good faith · representation · advocacy
- insurance peopleinsurance agents, insurance brokers, underwriters, actuaries
- insuranceinsurance, coverage, auto insurance, life insurance, home insurance
- insurance company employeesagents, insurance agents, brokers, insurance brokers, adjusters
- insurerslife insurers, auto insurers, home insurers, reinsurers
claims adjustersunderwriters
Those who assess risk
insurance underwriters · actuaries · insurance agents · insurance brokers · sales representatives
claims adjustersclaimants
Those asserting ownership
policyholders · injured parties · plaintiffs · beneficiaries
claim, claims, claimed, claiming, claimant, claimants, reclaim, reclaims, reclaimed