During negotiations, what should adjusters take into account?

During negotiations, it is crucial for adjusters to take into account policy limits and the extent of damage. This consideration ensures that the settlement being negotiated is both fair and appropriate based on the specific circumstances of the claim. Understanding the policy limits gives the adjuster a framework within which they can operate, ensuring that any proposed settlement does not exceed what is covered under the policy.

Moreover, assessing the extent of damage helps in determining the actual costs involved in restoring or compensating for the loss. It enables the adjuster to create a well-supported argument during negotiations, grounded in factual evidence related to the damage noted and the actual terms of the insurance policy. This dual focus on policy limits and damage assessment is pivotal in achieving a settlement that is satisfying for both the adjuster and the client, adhering to the contractual obligations of the insurance policy.