loss adjuster

A person appointed by an insurer to negotiate an insurance claim. The loss adjuster, who is independent of the insurer, discusses the claim with both the insurer and the policyholder, producing a report recommending the basis on which the claim should be settled. The insurer pays a fee for this service based on the amount of work involved for the loss adjuster, not on the size of the settlement. Compare loss assessor

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • loss adjuster — noun An assessor employed by an insurance company, usu in fire damage claims • • • Main Entry: ↑loss * * * loss adjuster UK US noun [countable] [singular loss adjuster plural …   Useful english dictionary

  • loss adjuster — ➔ adjuster * * * loss adjuster UK US noun [C] (also adjuster, claims adjuster, loss assessor) INSURANCE ► a person whose job is to decide how much money an insurance company should pay to a person or company whose property is damaged or lost: »In …   Financial and business terms

  • loss adjuster — loss adjusters also loss adjustor N COUNT A loss adjuster is someone who is employed by an insurance company to decide how much money should be paid to a person making a claim. [BRIT] (in AM, use , claims adjuster) …   English dictionary

  • loss adjuster — someone who specialises in investigating claims under insurance policies. The law in this area is most specialised, and adjusters do not merely check the facts but seek out such facts as are relevant to the policy or policies of the type in… …   Law dictionary

  • loss adjuster — UK / US noun [countable] Word forms loss adjuster : singular loss adjuster plural loss adjusters business British someone whose job is to calculate how much an insurance company must pay to customers when they have made a claim on their insurance …   English dictionary

  • loss adjuster — loss ad.juster n BrE someone who is employed by an insurance company to decide how much should be paid to people who make a ↑claim American Equivalent: insurance adjuster …   Dictionary of contemporary English

  • loss adjuster — noun (C) BrE someone who is employed by an insurance company to decide how much should be paid to people who make claims on their insurance; insurance adjuster AmE …   Longman dictionary of contemporary English

  • loss adjuster — Fin, Gen Mgt a professional person acting on behalf of an insurance company to assess the value of an insurance claim. [m1]Also known as claims adjuster …   The ultimate business dictionary

  • loss adjuster — noun Brit. an insurance agent who assesses the amount of compensation that should be paid to a claimant …   English new terms dictionary

  • adjuster — ad‧just‧er [əˈdʒʌstə ǁ ər] noun [countable] claims/​insurance/​loss adjuster INSURANCE a person or company whose job is to assess the value of loss or damage for someone who has claimed on their insurance: • The loss adjuster feels there is… …   Financial and business terms

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