Who will an insurer use to advise the maximum probable loss for a property risk?

An insurer typically uses a surveyor to advise on the maximum probable loss for a property risk. Surveyors are professionals trained to perform inspections and assessments of properties, determining their condition and identifying potential risks. They have the expertise to evaluate various factors, such as location, construction materials, and previous claims history, which all contribute to understanding the potential loss exposure of the property. This assessment is crucial for the insurer to establish appropriate coverage limits and premiums.

Other professionals mentioned, while knowledgeable in their respective fields, have different roles. Underwriters focus on assessing risk and determining whether to provide coverage and at what terms. Loss adjusters are involved after a claim has been made, helping to evaluate the loss and determine the compensation due to the policyholder. Actuaries concentrate on analyzing statistical data to assess risk and ensure that the insurer maintains solvency through proper pricing of policies and reserves.