  Sunday, September 5 of 2010 |
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What is Loss Adjustment? Loss Adjustment is an administrative process in what the insurance company verifies the causes and the consequences of an event, from a client indemnity requirement. This process consists of documents and facts obtained along either with the person/company insured or third party involved. It's through a loss adjustment that the insurance company establishes the loss value, when existent, to serve as the base to a possible indemnity, according with contractual conditions previously established to the actual insurance. The loss adjustment, usually, is planned in your insurance contract. ALWAYS READ THE GENERAL CONDITIONS OF YOUR POLICY AND CONSULT YOUR INSURANCE BROKER. |