Insurance Claims | Loss Assessors vs Loss Adjusters: What’s the Difference?

Key Differences:

Loss assessors represent the policyholder, while loss adjusters work on behalf of the insurance company.

Role Purpose: Loss assessors facilitate the policyholder's claim process, aiming for a fair settlement, whereas loss adjusters work to protect the interests of the insurance company by verifying the claim's validity and determining the appropriate payout.

In essence, loss assessors advocate for the policyholder's interests, helping them navigate the claims process and secure a fair settlement, while loss adjusters focus on validating claims and protecting the insurance company's interests.

Loss assessors voluntarily represent policyholders, while mandatory loss adjusters verify claims and safeguard the insurer's interests.