#Shorts, Know The Law: “Insurance Adjusters” – Matt Clark vs Chris Hagan [Video]

🎲 In this edition of “Know the Law” featuring attorneys Matt Clark and Chad Hagan, we unpack the critical function of insurance adjusters and what it means for your claim.

🔍 Who Are Insurance Adjusters?: Insurance adjusters, also known as claims adjusters, are professionals employed by insurance companies to evaluate insurance claims. They investigate accidents, assess the extent of the insurer’s liability, and ultimately determine how much compensation the insurance company should pay to the claimant.

⚖️ Adjusters’ Objectives: Adjusters start by gathering facts about the incident. This includes reviewing police reports, medical records, speaking with witnesses, and possibly visiting the accident scene. They assess the damages and injuries to determine the claim’s validity and the compensation amount. Adjusters negotiate with the claimant or their attorney to settle the claim, aiming to pay out as little as possible within the bounds of the policy and the law.

🧩 Understanding Their Role: It’s crucial to remember that insurance adjusters work for the insurance company, not for you. Their primary goal is to minimize the company’s financial liability. Their initial offer is not final. With proper negotiation, often facilitated by your attorney, the settlement amount can be adjusted to more fairly reflect your damages and injuries.

💡 Why It Matters: The role of insurance adjusters in the personal injury claims process is a balancing act between assessing claims fairly and protecting the insurance company’s bottom line. Knowing their objectives can empower you to navigate your claim more effectively, especially with experienced legal representation.