What is an independent adjuster?

An independent adjuster is a person who is hired to investigate and evaluate insurance claims in the state of Washington. They are not affiliated with any particular insurance company, but rather, serve as an impartial third party to evaluate the situation and determine the amount of coverage that should be provided. An independent adjuster typically has a background in accounting, finance, or law, and is skilled in communicating with people, researching, and making decisions. An independent adjuster typically reviews the insurance policy and gathers information from the claimant and other sources to evaluate the merits of the claim. This involves interviewing those involved, examining evidence, and researching any applicable laws. They then provide a report to the insurance company detailing their findings, which may include a recommendation to approve the claim and provide the coverage, deny the claim, or approve the claim with a reduction in the coverage amount. In Washington state, independent adjusters are required to have a valid license issued by the Department of Insurance, and they must adhere to state regulations and ethical standards. They may not accept any kind of payment or anything of value from the claimant, and they must remain impartial and unbiased in their investigation and evaluation.

Related FAQs

What is a third-party insurance claim?
What information do I need to provide when filing an insurance claim?
What is the difference between an insurance policy and a contract?
How is an insurance claim investigated?
What is the statute of limitations for filing a liability claim?
What is an act of God exclusion?
What are the different types of coverage in an insurance policy?
What is a collateral source rule?
What is a no-fault claim?
What is an uninsured motorist coverage?

What is an independent adjuster?

Related FAQs

Related Blog Posts