Who are the three involved parties in an insurance claim?

The correct answer highlights the essential roles involved in the insurance claim process. The insured or property owner is the individual or entity that holds the insurance policy and is directly affected by the loss or damage. They initiate the claim process by notifying the insurance company of an incident.

The adjuster is a representative of the insurance company who investigates the claim on behalf of the insurer. Their responsibility includes assessing the damage, gathering relevant information, and determining the amount of compensation that should be paid to the insured based on the policy. This role is crucial, as the adjuster serves as a bridge between the insured and the insurance company, ensuring that the claim is handled fairly and in accordance with the policy terms.

The insurance company is the entity that provides the insurance policy and is responsible for paying out claims to the insured up to the limits of the policy. This company has a financial interest in accurately assessing claims to mitigate losses and manage their overall risk.

This combination of roles encapsulates the primary parties involved in the insurance claim process, each with distinct responsibilities that contribute to the efficient handling of claims.