Definitions for "Independent Adjuster"
An individual or member of a firm who contracts with insurers to investigate claims and suggest appropriate settlements. Contrast with Public adjuster.
An individual that provides estimates of losses on behalf of insurance companies, but is not an employee of the aforementioned companies. This person is paid a fee for each adjustment, as opposed to a company adjuster, who is directly employed by an insurance company.
An Adjuster, not in the employ of the Insurance Company, who investigates loss, applies policy provisions and settles claims. (See also, Adjuster, Claim Adjuster.)