What does Adjustment Bureau mean? Read on to discover the definition & meaning of the term Adjustment Bureau - to help you better understand the language used in insurance policies.
An adjustment bureau is a company that adjusts and handles claims on behalf of insurance companies. Many insurance companies use their services to avoid having to add this component to their own businesses. In other words, rather than adjusting claims themselves, they simply outsource this process to the adjustment bureau.
We hope the you have a better understanding of the meaning of Adjustment Bureau.