Some people say that being a claims adjuster is the hardest job in the insurance industry. Dealing with people who have suffered some type of loss isn't easy. Dealing with people who have suffered losses isn't easy. Work often attracts a lot of anger and animosity from people who, expecting to receive huge payments, realize that they are being offered less than they expected.
Then there are the large number of cases, the time it sometimes takes to complete an insurance claim, and the general occupational stress. All of this together helps explain why this work is a challenge. Adjusting claims is a difficult job, and you'll be working long hours in an often stressful environment. Claim adjusters help clients deal with the stress and frustration of filing insurance claims and obtaining compensation for property damage and injuries sustained in accidents.
Work hours vary depending on the different types of claim adjusters. For example, a staff adjuster may work 9 to 5 hours, Monday through Friday, while independent or public adjusters may work irregular hours to accommodate client plans and conduct research work. Public or independent adjusters can work about 40 hours per week. Both the adaptation of staff and the independent adaptation of complaints offer great opportunities.
Staff adjusters work as employees directly for the insurance company. Staff positions can include paid vacation, full benefits, a company car, a laptop, free training, and more. Promotion opportunities abound for staff adjusters, and many have the opportunity to work with a wide range of claims, gaining valuable experience. On the other side of the fence, there are independent claim adjusters.
Independent insurance adjusters work primarily for claims adjustment companies, such as offices or outside administrators (TPA). The careers of independent adjusters also vary widely. Some work locally, others travel, others are paid by the hour, others by the day and others depending on the claim. The work is flexible and pleasant, and a common aspect of this path is that the pay is excellent.
In fact, independent adjusters typically generate high six-figure incomes, while they often work only part of the year. However, you don't deserve to be harassed. Whether it's your insurance company or someone else's insurance company, there's absolutely no excuse for an insurance adjuster to make you feel underwhelmed or make fun of you. As difficult as it may be, taking the right path and striving to treat the adjuster well can't do much harm and can allow you to go beyond what, hopefully, is nothing more than a bad experience.
Losses occur regardless of economic conditions, and the country needs insurance adjusters to adjust these losses every month of the year. Independent appraisers can be on the list of several adjustment firms and process claims from multiple insurance companies. While larger insurance companies usually have claims adjusters on staff, insurers or smaller companies often rely on independent adjusters. This is because independent adjustment firms pay their claims adjusters higher salaries than insurance companies.
So what does this mean for you, the prospective claims adjuster? Insurance policies give rise to insurance claims and the need for a claims adjuster. You can find out more about what a public adjuster is and the types of training available to become an insurance claims adjuster. For example, if a catastrophic storm occurs and an insurance company needs more adjusters than it has employed, it could hire independent appraisers to cover the need. When it comes to transportation and lodging, most adjusters fly or drive to deployment, and then book a hotel, a motel, or rent a condo or Airbnb, often with other adjusters.
Public appraisers are not affiliated with a company, but are licensed to work independently on behalf of a policyholder. Veteran appraisers will tell you that if you play your cards right, that's exactly what a career in claims adjustment offers. .