What Does Loss Assessor Mean?

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

Loss Assessor

Loss Assessor

Independent entity hired and paid by the insured (policy holder) to negotiate an insurance claim with the insurer (insurance company). The loss assessor receives a fee that is usually a percentage of the claim amount received by the insured. See also loss adjustor.

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

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