A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- ClaimA formal request you file with your insurer to be paid for a covered loss or medical expense.
- PolicyThe written contract between you and an insurer that spells out what is covered, for how much, and under what terms.
- Coverage LimitThe most an insurance policy will pay for a covered loss, above which you cover the rest yourself.
- Actual Cash ValueA claim payout method that reimburses what an item is worth today, after subtracting for age and wear.
- Replacement CostA claim payout method that pays what it costs to buy a new equivalent item, without deducting for wear.
Turn this into a brick
Knowing what Insurance Adjuster means is knowledge — the first half. A brick gets placed when you act on it.
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Plain-English education — not personalized legal, tax, or investment advice.