Loss Consultant
Definition:
A professional hired to help evaluate or prepare an insurance claim.
Explanation:
Loss consultants may assist with documentation, estimating, or negotiating, though they do not have the same licensing or authority as public adjusters.
Example:
A contractor acting as a loss consultant may prepare a repair estimate for a homeowner’s claim.
Why it matters:
This term affects how claims are handled and what payout a homeowner may receive.