Claims Adjustment
/ˈkleɪmz əˈdʒʌstmənt/
Definitions
- (n.) The process of evaluating and determining the amount payable under an insurance policy in response to a claim.
The claims adjustment took several weeks before the settlement was finalized.
Related terms
See also
Commentary
Claims adjustment often involves investigation and negotiation to verify coverage and calculate indemnity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.