What is an independent adjuster known for?

• A. Contracting with multiple insurers at the same time
• B. Only representing the insured
• C. Being a full-time employee of a single insurer
• D. Handling claims solely for catastrophic events

Answer: (A)

An independent adjuster is primarily known for contracting with multiple insurers simultaneously. This flexibility allows them to handle claims for various insurance companies based on the needs of those insurers. Independent adjusters are not bound to a single insurer, which enables them to work on a diverse range of claims across different lines of insurance. This capability is particularly advantageous for insurance companies during peak times or when there is a surge in claim volume, as independent adjusters can be hired to manage the workload without the need for the insurer to employ them full-time.

In contrast, the other choices highlight different roles that adjusters may have. Representing only the insured implies a conflict of interest in the context of independent adjustment, as these professionals are expected to remain impartial. Being a full-time employee of a single insurer describes an employee adjuster, not an independent one. Handling claims solely for catastrophic events would limit the scope of an independent adjuster's work, as they typically engage in a variety of claims beyond just catastrophic ones.