What is the primary responsibility of an insurance adjuster?

The primary responsibility of an insurance adjuster is to assess claims and determine the appropriate payouts. This role involves reviewing the details of the claim, investigating the circumstances surrounding the loss, and evaluating the coverage available under the policy. The adjuster analyzes facts, inspects damages, communicates with involved parties, and ultimately decides how much, if any, compensation should be paid to the claimant based on the policy provisions and the evidence collected.

While underwriting is essential in determining the risk associated with insuring a new policy, this function is distinct from the duties of an adjuster. Selling insurance products is typically the job of agents, whose primary focus is on acquiring clients and facilitating the purchase of insurance coverage. Managing a company’s finances involves overseeing fiscal matters and is usually the duty of financial professionals, which is also not the main focus of an adjuster. Thus, the adjuster's specific role centers around evaluating claims and making payout decisions, making this the correct answer.