Claims Representative


Definition of "Claims representative"

Same as term Adjuster: individual employed by a property and casualty insurance company to settle on its behalf claims brought by insureds. The adjuster evaluates the merits of each claim and makes recommendations to the insurance company.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Appraisal

A written estimate of a property's current market value prepared by an appraiser. ...

Participation Clause

clause found in health insurance contracts that requires the insured to pay a specified percentage ...

Municipal Insurance

Property and/or liability coverage for a municipality. Municipalities are responsible for maintenanc ...

Base Premium

A ceding company's premium to which the reinsurance premium factor is used to produce the reinsuranc ...

Fire Department Service Clause

In property insurance policies, provision that states that the insured will receive indemnity for ex ...

Ancillary Administrator

Out-of-state or out of jurisdiction administrator appointed to probate a decedents property when the ...

Related Real Estate FAQ

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

What Is Freddie Mac?

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

6 Reasons you are not selling properties How to become a real estate agent 10 Tips for Homebuyers 7 Things to Consider Before Moving to a New City Rent or Buy - the pros and cons

FAQ

What is an index? What are the benefits of Business Owners Insurance? What is a point? What is an easement? What is a balloon mortgage?