| Insurance has always been in existence, in some | | | | When there is an accident, theft or damage which |
| form or the other, ever since human beings started | | | | causes financial loss, the policy holder calls the |
| living as a community. People always helped one | | | | insurance company. The insurance company uses |
| another; the entire community lent their support to | | | | claims adjusters to inspect and report an estimate of |
| the single individual who was in distress and the favor | | | | the damages, rather than just pay out whatever the |
| was reciprocated. | | | | policy holder asks. |
| As it exists today, insuranceis a kind of risk | | | | Claims adjusting is done by obtaining all record |
| management where the policy holder pays a certain | | | | statements- medical and police, checking the actually |
| amount of premium to the insurance company in | | | | injury suffered visiting the site of damage, |
| return for coverage of financial losses in future. In | | | | investigating and interviewing witness and the policy |
| the event of an unforeseen incident occurring, the | | | | holder to ensure there is no fraud done and then |
| policy holder makes an insurance claim, which is then | | | | submitting recommendations to the company. |
| investigated by the company before the final claims | | | | The Insurance claims adjuster objectively evaluates |
| settlement is made. | | | | the claim that is made and determines if the repair |
| When does a person make an insurance claim? | | | | estimates are reasonable. This is done to prevent |
| Insurance companies cover policy holders for a wide | | | | possible frauds by policy holders who may inflate the |
| range of unforeseen incidents, as mentioned in the | | | | claim amount for additional compensation. Most |
| policy manual. Examples could be accidents, flood, | | | | insurance companies accept the claims adjustor’s |
| theft or vandalism. When any of the events | | | | evaluation as final. |
| transpire, the policy holder then makes a claim with | | | | Sometimes, you may feel that the claims adjustor |
| the company. | | | | appointed by the company is slow to act or that the |
| Claims settlement is done only after the insurance | | | | estimates made by him are not fair to you. In such |
| company is convinced of the genuineness of the | | | | instances, you need the help of an adjustor of your |
| claim. There are many instances of insurance fraud | | | | own to argue your side of the case. Public adjusters |
| and it causes losses to the tune of millions every | | | | are trained professionals who do claims adjusting by |
| year. Companies spare no effort in digging to the | | | | keeping your welfare in mind rather than saving the |
| bottom of each claim to ensure its veracity. | | | | company a few bucks. |
| Adjusting for Claims | | | | Finding a competent public adjuster makes a lot of |
| Once a claim is made, if the amount is small the | | | | sense especially when the losses are significant or |
| insurance companies usually pay it off after a few | | | | when you are emotionally distressed. You need |
| preliminary checks. But when the amount is | | | | someone by your side who is able to objectively |
| significant, they prefer claims adjusting before | | | | assess the situation and demand a fair compensation |
| payout. It means that the companies adjust a claim | | | | from the company in return for the premiums you |
| by soliciting the services of a trained claims adjuster. | | | | have paid over the years. |