Adjuster

DEFINITION of 'Adjuster'

An insurance claims agent. A claims adjuster is charged with evaluating an insurance claim to determine the insurance company's liability under the terms of an owner's policy.

BREAKING DOWN 'Adjuster'

There are different types of adjusters. They may represent the insurance company, they may be hired by the claimant (public adjusters) or they may be independent. The two types of claims most frequently investigated are property claims and liability claims.

RELATED TERMS
  1. Claims Adjuster

    Someone who investigates insurance claims to determine the extent ...
  2. Insurance Claim

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  3. Long-Tail Liability

    Liabilities for claims that have long settlement periods.
  4. Claims Reserve

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  5. Allocated Loss Adjustment Expenses ...

    Part of an insurer’s expense reserves that is attributed to the ...
  6. Reservation Of Rights Letter

    A notification provided to the insured party indicating that ...
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