Insurance WAEC

The insurance professional who assists the third party to evaluate the extent of loss in a motor accident is?

A. a loss adjustor
B. a loss assessor
C. a consultant
D. an investigator

Correct Answer: Option B

B. a loss assessor

Explanation

A Loss Assessor is appointed by the policyholder when they need to submit a substantial or complex claim. All fees are paid by the Policyholder.

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