Loss Adjustment Expense


Definition of "Loss adjustment expense"

The Laura Harms Team
The Laura Harms Team RE/MAX Downtown

Cost involved in an insurance company's adjustment of losses under a policy.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Loss Ratio

Relationship of incurred losses plus loss adjustment expense to earned premiums. ...

Underwriting Income

Earned premium minus incurred losses plus loss adjustment expense plus other incurred underwriting expenses plus policy owner dividends. This income i ...

Loss And Loss Adjustment Expense Reserves

Amount of the insurance company's liabilities for claims that have not been settled. If this reserve increases significantly in relation to the compan ...

Assumed Loss Ratio

Projected percentage of the earned premiums that will be required by the insurance company to pay for the incurred losses plus the loss adjustment exp ...

Underwriting Risk

Risk that premiums will not be sufficient to cover future incurred losses and that losses and loss adjustment expenses' current reserves are not suffi ...

Loss Ratio Reserve Method

Formula for a given line of insurance used by property and casualty insurance companies to compare losses and loss adjustment expense with premiums. T ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

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

Top Five Reasons Your Home Offer was Rejected When to buy a house What is Earnest Money 7 Tips for a First Time Homebuyer How To Get A Loan with Bad Credit

FAQ

What is a mortgage banker? How can I protect my Home Office? How Much Income Do I Need ? What is a cap? How big is an acre?