What are the different types of insurance adjusters?

The different types of insurance adjusters can be categorized into staff adjusters, independent adjusters, and public adjusters. Understanding each category is essential for anyone preparing for the Hawaii Insurance Adjuster License exam.

Staff adjusters are employees of an insurance company who handle claims for that specific company. They are often familiar with the company's policies, procedures, and practices, allowing them to process claims more efficiently within that framework.

Independent adjusters, on the other hand, are not employed by any one insurance company. Instead, they are hired on a contract basis to manage claims for different insurers, providing flexibility and specialized skills that might be particularly useful during peak times or for complex claims.

Public adjusters represent policyholders rather than insurance companies, helping them navigate the claims process and negotiate settlements. They advocate for the insured party to ensure that they receive a fair assessment and compensation for their claims.

The distinction between these types of adjusters is significant as it highlights the various roles they play in the insurance claims process, thereby providing clarity on their functions and responsibilities within the industry. The options involving regulatory adjusters, homeowners, auto, and commercial adjusters, as well as field and office claims adjusters, do not accurately categorize adjusters in the context of their roles