What is the first step in the adjustment process?

The first step in the adjustment process is claim notification. This step is essential as it marks the official beginning of the claims process following an incident that may lead to a claim. When an insured party notifies their insurance company about a loss, it initiates a series of actions that will ultimately lead to the assessment, evaluation, and resolution of the claim.

Claim notification informs the insurer of the event, providing them with the necessary details to start their investigation. This step is crucial for ensuring that the insurance company can begin gathering information, such as the nature of the loss and any supporting documentation needed from the claimant. Without this initial notification, the subsequent steps in the adjustment process cannot take place effectively. Subsequent steps, such as investigation, evaluation, and addressing coverage disputes, rely heavily on this initial notification that sets the entire process into motion.