Loss Adjuster VS Loss Assessor – What Is the Difference?

If you've ever gone through an insurance claim, you may have come across the terms "loss adjuster" and "loss assessor." Both professionals play a crucial role in the insurance industry, but many people don't understand the difference between the two. In this blog post, we'll define the roles of a loss adjuster and a loss assessor and explain how they differ from each other.

Defining loss adjuster

A loss adjuster is a representative of the insurance company hired to investigate and assess the damages as per the policy terms. The loss adjuster’s primary responsibility is to investigate the claim, decide whether the policy covers the damage, and determine the amount of compensation to be paid. The adjuster will analyze the evidence and decide on the extent of loss. Therefore, a loss adjuster works for the insurance company rather than the policyholder.

Defining loss assessor

On the other hand, a loss assessor is an independent professional who represents the policyholder. Loss assessors can be appointed by the policyholder directly or through their insurance broker. The loss assessor’s job is to assess the damage and help the policyholder in preparing the claim for the insurance company. Loss assessors use their expertise to assess the level of damage and negotiate the maximum amount of settlement to which their clients are entitled. As a result, they work for the policyholder rather than the insurance company.

Difference between a loss adjuster and a loss assessor

The primary difference between the two is whom they represent. While a loss adjuster represents the insurance company, a loss assessor represents the policyholder. This creates a fundamental difference in the approach both professionals adopt. The loss adjuster will work within the limits set forth by the insurance company to keep costs at a minimum, whereas the loss assessor will work to maximize the compensation for their client.

When should you hire a loss assessor?

A loss assessor can be beneficial when you're seeking to challenge the results of a loss adjuster's report. If you disagree with the loss adjuster’s assessment, you can hire a loss assessor to represent you in the process. Hiring a loss assessor can help you better understand the policy language and ensure you receive a fair settlement.

Conclusion

In conclusion, the difference between a loss adjuster and a loss assessor is significant. While a loss adjuster works for the insurance company, a loss assessor represents the policyholder's interests. Knowing the difference between these two professionals can help policyholders better understand the claims process and their rights. If you're ever unsure about your policy, damages, or compensation, you should consider hiring a loss assessor to help you navigate the claims process. At Five Star Claims Adjusting, we provide a range of claims adjustment services to policyholders. If you're looking for a loss adjuster in Hillsborough County, FL, contact us today for a free consultation and inspection.