Understanding the Different Types of Claims Handled by Insurance Claims Adjusters

Whether you are a business owner, homeowner or driver, you’re likely to have an insurance policy that covers you in case of an accident, damage or loss. In the event of an unexpected occurrence, it is the role of an insurance claims adjuster to determine the extent of the damage or loss and work with the insurance company to settle the claim. While it is easy to assume that claims adjusters handle all kinds of claims, that is not always the case. Let's look at the different types of claims that insurance claims adjusters typically handle.

1. Property Claims

When a property damage occurs, such as a fire or windstorm, homeowners' insurance policies typically cover the costs of repair or replacement. Insurance claims adjusters look at the extent of the damage and determine the amount that the insurance company will reimburse the homeowner. Additionally, adjusters work with contractors to estimate the cost of repairs and negotiate with the homeowners, contractors, and insurance company to arrive at an agreeable settlement.

2. Auto Claims

Insurance claims adjusters evaluate the damage caused in car accidents and determine which party is at fault. They also assess the costs of repairs and medical bills and negotiate with the insurance provider on a settlement that covers the damages. In most cases, they handle cases of accidents and collisions involving motor vehicles.

3. Liability Claims

Liability claims arise when an individual causes damage or injury to another person or their property. An insurance adjuster assesses the damage and determines the fair compensation for the aggrieved party. Liability claims can come in many different forms, such as dog bites, slip and fall accidents, or product liability.

4. Workers' Compensation Claims

Workers' compensation claims typically occur in the workplace. The adjuster will assess the injury and determine if it is covered by workers' compensation insurance. The adjuster will then provide the employer and the injured worker with an estimate on the costs of medical expenses, lost wages and other related expenses. 

5. Claims Involving Natural Disasters

Natural disasters occur in different forms such as hurricanes, floods, and earthquakes. In the event of such disasters, insurance claims adjusters respond quickly to assess the damages and provide homeowners with compensation for their losses. Adjusters also work with repair companies and contractors to get residents back to their homes as quickly as possible.

Conclusion

Insurance claims adjusters play an important role in making insurance settlements as quick and as hassle-free as possible. By understanding the different types of claims that insurance adjusters are responsible for handling, you can know if they are the right experts to approach for your loss or damages. At Five Star Claims Adjusting, our team of professional claims adjusters has years of experience dealing with insurance companies and can help you get a fair settlement for your claim. If you're looking for an insurance claims adjuster in South Florida, contact us for a free inspection and learn how we can help you get the compensation you deserve.