- Filing a Claim:
- The policyholder submits a request for compensation to the insurance company.
- Claims are reviewed based on policy terms, exclusions, and evidence provided by the insured.
- Claims Adjuster:
- An insurance representative who investigates the claim, assesses the damage, and determines the payout.
- Settlement:
- After the adjuster’s assessment, the insurer offers a settlement. This can be accepted, negotiated, or disputed by the policyholder.
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