Loss Adjusters

Loss adjusters / assessors are independent professionals who are appointed by the insurance companies to survey a loss due to fire, motor accident, etc.

Their job is to investigate the causes of the loss and determine the extent of loss and report their findings to the insurance company. Based on the reports, the claims are settled.

They are paid by way of fees by the insurers. They need to possess not only knowledge of insurance coverage but also know-how different kinds of losses take place and be able to determine the extent of loss or damage. They also advise on loss prevention / minimization measures in the light of their experiences.

Loss adjusters require a license from the insurance regulator.

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