Average adjustor

Updated: Aug 20, 2021

When an insurer has to meet a claim under a policy, he frequently employs an average adjustor to inspect the property which is the subject of the claim and to ascertain the extent of the liability of the insurer under the operative policy. This can be very important where the policy contains an average clause and in marine insurance, where a claim may be for a general average loss or for a particular average loss.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.