CNC Insurance Delaware Business Insurance Update: Adjusters, Independent or In House ?

At first glance, you may think "what is the difference, an adjuster is an adjuster". For insurance claims, they're different in two major ways. Lets start with the in-house adjusters. An in-house adjuster works exclusively for the insurance company. While claims may be settled relatively quickly, you may find the monetary amount from the claim tends to favor the insurance company. Simply because the in-house adjuster is employed directly by the insurance company. As for the independent adjuster, they represent the policy holder. They tend to help cut through the red tape and negotiate claims on behalf of the insured. While both parties tend to represent a side or interest, what usually occurs is a reasonable, negotiated settlement. For small claims under $10,000 an independent adjuster may not be required at all. If you have questions concerning adjusters, contact an insurance professional today. Until next time, be careful out there an know your risks.

G. Kevin Nemtih
President, CNC Insurance

Proudly serving Delaware, Maryland, Virginia, Pennsylvania, and New Jersey.

www.cncinsurance.com
www.bizinsurancetv.org

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