Public adjuster PA
Term · Insurance and risk management · MLC-T-INS-002748
A claims professional hired by a policyholder to represent their interests in negotiating a settlement with the insurance company. This individual assesses the damage, prepares estimates, and communicates with the insurer on behalf of the insured. Public adjusters are compensated by the policyholder, often through a percentage of the final settlement amount.
| Identifier | MLC-T-INS-002748 |
|---|---|
| Field | Insurance and risk management |
| Subject | Businessowners Policy |
Record as JSON
{
"id": "MLC-T-INS-002748",
"term": "Public adjuster PA",
"field": "Insurance and risk management",
"definition": "A claims professional hired by a policyholder to represent their interests in negotiating a settlement with the insurance company. This individual assesses the damage, prepares estimates, and communicates with the insurer on behalf of the insured. Public adjusters are compensated by the policyholder, often through a percentage of the final settlement amount.",
"subject": "Businessowners Policy",
"url": "https://mlchart.com/terminology/insurance/public-adjuster-pa/"
}
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