Simple English definitions for legal terms
Read a random definition: comes and defends
Adjust means to figure out how much money an insurance company should pay someone who has had a loss. It can also mean making a new agreement with someone to pay back money they owe. An adjuster is a person who works for an insurance company and helps figure out how much money to pay for a loss. They can also work independently and help people with claims from different insurance companies.
Definition: To determine the amount that an insurer will pay an insured to cover a loss or to arrive at a new agreement with a creditor for the payment of a debt.
Examples:
These examples illustrate how adjusting involves determining a new amount or agreement to address a loss or debt. An adjuster may negotiate with the insured or creditor to come to a fair resolution.