What are the responsibilities of an insurance adjuster?

In Florida, an insurance adjuster is responsible for investigating and evaluating claims filed against an insurance policy. This includes analyzing the policy terms, discussing the claim with the claimant, gathering evidence, and then determining the legitimacy of the claim and the amount to be paid out. Adjusters are also responsible for determining the causes of damage and assessing the total loss. They review reports from contractors or repair companies, and assess the extent of the damage caused by the policyholder. Adjusters must also be able to determine whether or not a claim is covered by an insurance policy. This means evaluating the policy for eligibility of coverage, determining any exclusions, and making sure any limits are observed. It is also the responsibility of an insurance adjuster to negotiate and settle claims. They review settlement offers and make sure the claimant receives the best possible outcome, including using their knowledge to negotiate for better settlements, if possible. Finally, adjusters must document all of their investigations and make sure any payment is made in a timely manner. They must also provide key information to the insured about their policy, coverage, and other relevant information.

Related FAQs

What is the role of the regulator in insurance law?
How do insurance regulations vary by state?
What is required to cancel an insurance policy?
How does the law protect insurance consumers?
What are the legal requirements for filing an insurance claim?
What is the difference between direct and indirect insurance?
What is the difference between a policy and a contract of reinsurance?
How do I file a lawsuit against an insurance company?
How do insurance companies investigate fraud?
What is an insurance binder?

What are the responsibilities of an insurance adjuster?

Related FAQs

Related Blog Posts