What Does LAE Mean?

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

LAE

LAE

Loss adjustment expenses refer to the expenses incurred during the investigation and handling of insurance claims. These investigations are conducted as part of the insurance company's due diligence effort in establishing the veracity and accuracy of a claim.

We hope the you have a better understanding of the meaning of LAE.

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