What are loss adjusters?
A loss adjuster (“adjuster”), officially referred to as a “Registered Loss Adjuster,” is entrusted by general insurance companies to calculate the amount of loss to property (buildings, personal property, etc.) related to damage insurance, evaluate the insurable value, investigate accidents and their causes, and perform a series of related work.
Fair assessments from a neutral standpoint
For example, adjusters calculate the extent of damage from a fire, if a house has been destroyed by an earthquake, or accidents for which compensation must be provided (such as if a person has mistakenly destroyed the property of another person). Adjusters serve an important role by fairly calculating the amount of loss from a neutral standpoint for parties including general insurance companies, insurance policyholders, and people who have suffered damage.