What Does Allocated Loss Adjustment Expense Mean?

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What does Allocated Loss Adjustment Expense mean? Read on to discover the definition & meaning of the term Allocated Loss Adjustment Expense - to help you better understand the language used in insurance policies.

Allocated Loss Adjustment Expense

Allocated Loss Adjustment Expense

Loss adjustment expenses that are assignable or allocable to specific claims. Fees paid to outside attorneys, experts, and investigators used to defend claims are examples of ALAE.

We hope the you have a better understanding of the meaning of Allocated Loss Adjustment Expense.

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