What Does Loss Adjustment Expense Mean?

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

Loss Adjustment Expense

Loss Adjustment Expense

The cost of investigating and adjusting losses. LAEs need not be allocated to a particular claim. If they are allocated to a particular claim, they are called "allocated loss adjustment expenses" (ALAE); otherwise, they are unallocated loss adjustment expenses (ULAE).

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

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