An adjuster is an individual or business entity who, on behalf of the insurer, for compensation as an independent contractor or as the employee of such an independent contractor, or for fee or commission, investigates and negotiates settlement of property/casualty claims arising under insurance contracts. In checking with the Illinois Insurance Department, an automobile appraiser who estimates damages or calculates the value of a car or other motor vehicle and reports to an insurance company need not be licensed as an Independent Adjuster.
ILLINOIS LICENSED AND CERTIFIED AUTOMOBILE APPRAISER
Note: In many instances such as performing automobile valuation or diminished value appraisals for vehicle owners, there are no specific licensing requirements. It is advisable to hire an independent appraiser who is licensed in any state in order to assure a quality appraisal.
Some of the entities that advertise that they certify appraisers are listed below. When hiring an appraiser who is certified by one of these companies, be sure to cross check with their state insurance department to determine whether they are properly licensed.
- The American Society of Certified Auto Appraisers
- Bureau of Certified Auto Appraisers
- Auto Appraisal Group
- The Appraisal Foundation
- Certified Automobile Appraisal LLC
- I-Van, International Vehicle Appraisers Network
- International Automotive Appraisers Association