A Video Explaining The Adjuster’s Obligation to the Insurer’s Underwriters

Read the full article at https://www.linkedin.com/pulse/video-explaining-adjusters-obligation-insurers-barry-zalma-esq-cfe and see the whole video at https://youtu.be/uV5gtTSWtLg and https://rumble.com/c/c-262921 and at https://zalma.com/blog plus more than 3850 posts.

Adjusters are the representatives of the insurers who fulfill the promises made by the underwriter when the risk was taken and a policy was issued. The adjuster (sometimes called a claims representative) must determine that the decision to insure was based upon accurate facts and that the underwriter fully understood the risk he or she was taking.

The Adjuster Must Inform the Underwriter of Observed Hazards

Underwriters take information from adjusters, after a loss, to reevaluate the risk decision, to be certain they were not deceived and to better evaluate the risk taken so they can deal with future requests for renewal or increases in coverages fairly and in good faith.

ZALMA OPINION

It is essential for a claims person to understand that he or she is an important part of the insurance relationship. The adjuster is not limited to adjusting and resolving claims but to also observe and report what is observed that might effect the insurance.