What is one of the duties of an insurance adjuster?

• A. Conduct Inspections
• B. Report to the Principal
• C. Negotiate Settlements
• D. File Claims

Answer: (B)

The duties of an insurance adjuster primarily involve the assessment and management of claims made against an insurance policy. One significant responsibility of an insurance adjuster is to negotiate settlements. In this role, the adjuster evaluates the details of the claim, gathers relevant information, and engages with both the policyholder and third parties to reach a fair settlement amount based on the circumstances of the loss.

This process includes understanding the terms of the insurance policy, determining the extent of liability, and ensuring that the settlement aligns with the policyholder’s coverage. Negotiating settlements is essential for the adjuster to facilitate a resolution that satisfies all parties involved and ensures that the insurance company fulfills its obligations while managing costs effectively.

While conducting inspections, reporting to the principal, and filing claims may involve aspects of an adjuster's role, the heart of an adjuster's duties revolves around negotiation and settlement of claims. Hence, the focus on negotiating settlements captures a critical function that underscores the adjuster's role in the claims process.