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.


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.

  1. Claims Adjuster

    A claims adjuster investigates insurance claims to determine ...
  2. Insurance Claim

    An insurance claim is a formal request to an insurance company ...
  3. Reservation Of Rights Letter

    A notification provided to the insured party indicating that ...
  4. Loss Cost

    Loss cost is the amount of money an insurer must pay to cover ...
  5. Cooperation Clause

    An insurance contract clause that requires the policyholder to ...
  6. Agency Plant

    The amount of presence that an insurance company has in a market.
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