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

Assessment: WAEC SSCE - Insurance - 2018 (Objective) Subject: Insurance

Question 1 Report

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

Answer Details
The insurance professional who helps evaluate the extent of loss in a motor accident on behalf of a third party is called a loss assessor or a loss adjuster. Their role is to investigate the circumstances of the accident and assess the amount of loss or damage suffered by the policyholder. This may include examining the vehicle, talking to witnesses, and gathering other relevant information. Once the assessment is complete, the loss assessor provides a report to the insurance company, outlining the extent of the loss or damage and recommending an appropriate settlement. The report may also be used as evidence in any legal proceedings related to the accident. Overall, a loss assessor plays a crucial role in ensuring that policyholders receive fair and accurate compensation for their losses in a motor accident.

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