The Truth About Insurance Claims Adjuster Jobs
Insurance Claims Adjuster Jobs: The Truth. Most people assume that insurance claims adjusters make a lot of money. They’re wrong. Insurance claims adjusters’ salaries are not high, and not every claims adjuster earns a good salary. All the more reason why job seekers should learn more about becoming an independent public adjuster.
Claims adjusters earn between $33,000 to $58,000 per year, and sometimes even less than that. If you work in the claims department at an insurance company and you do your job right, you’ll earn a salary of about $40,000 per year.
What’s interesting is that there are two types of claims adjusters: ones who work for an insurance company, and ones who work for an independent adjusting firm. The ones who work for the insurance companies don’t earn as much as the ones who work for independent firms.
That’s because independent adjusting firms pay their claims adjusters higher salaries than insurance companies do. Independent adjusting firms also give their employees more opportunities to advance in the company.
Insurance claims adjuster jobs do have some perks. Adjusters working for insurance companies can get bonuses from time to time if they do something extra special for the company. However, it’s usually easy to find another job if you’re unhappy with yours; there’s a lot of turnover in this field because of the long hours and stress associated with being a liaison between insurance companies holding tight to every dollar and homeowners not knowing what they’re entitled to.
Exactly What Are Insurance Claims Adjusters
Insurance claims adjusters are the people who are in charge of investigating the losses for insurance companies. They have the legal authority to recover money from people and companies who caused the loss.
In some occurrences, claims adjusters have to go to the scene of the accident or property, and interview all the people involved, and find out what happened. They need to have a lot of patience because they’ll be dealing with many unhappy people. Therefore, adjusters must be very good at thinking logically, so that they can analyze a claim and figure out which side is responsible for it.
Becoming A Claims Adjuster
Becoming a claims adjuster does not require that you pursue a career as an insurance agent. Insurance agents can become claims adjusters by training for the job. The first step in your journey to becoming a claims adjuster is licensing. Learn about the licensing requirements for all 50 states.
To obtain a license and become a public claims adjuster you must pass the certification exam. Preparation for the exam can take anywhere from 4 to 6 weeks depending on the individual. After getting your license, you’ll need some field training, and you’ll need to decide whether to work with an insurance company, an independent adjusting firm, or yourself.
Claims adjusting is a challenging job, and you will be working long hours in an often stressful environment. Claims adjusters help clients deal with the stress and frustration of filing insurance claims and getting compensation for damages to property and injuries sustained in accidents.
As mentioned earlier, the median salary range for claims adjusters is $33,000 to $58,000 per year and can range up to $100,000 per year or more in some very large cities with highly competitive salary levels such as New York City, Atlanta, Dallas, etc. Some of the largest insurance companies in the United States hire new graduates full-time right out of school, paying them generous salaries and benefits packages.
Here Are 8 Solid Suggestions For Becoming A Claims Adjuster:
- Find someone who already is one and follow them around.
- Get a license in your state first.
- Learn to listen carefully, and ask good questions.
- Pay attention to what the other person is saying, and remember it.
- Write down everything you can remember about the conversation right after you have it.
- Act like you understand what the other person is talking about, even if you don’t completely get it right away.
- Keep track of your own mistakes, and make a list of mental notes to help you remember next time.
- Read books on how to be a good listener and a good conversationalist, and continue to learn to advance your knowledge of claims adjusting.
Need Help Becoming An Independent Adjuster
Major Adjuster’s goal is to make you a better independent insurance adjuster by providing you with a unique learning experience, certified instructors, and a comfortable classroom environment. We certify and train individuals to manage all aspects of a catastrophic event.
After completion of our courses, you’ll be able to expedite the recovery process for families facing challenging times and get them back on their feet as quickly as possible. We also aid in independent adjuster job placement when individuals certify through us.
Want to learn more? Feel free to contact us at hello@majoradjusters.com or call direct at (312) 883-2064.
Major Adjusters
670 Memorial Dr. SE
Atlanta, GA 30312
Email: hello@majoradjusters.com
Direct: (312) 883-2064
P.S. If you made it this far, watch a quick video on insurance adjuster salary vs. public adjuster salary.
