Are you considering a career as a Claims Adjuster? If so, you may be wondering what kind of salary you can expect to make. The truth is that the amount of money you can make as a Claims Adjuster depends on several factors, including whether you are a staff adjuster or an independent adjuster. Staff adjusters typically earn less than independent adjusters and, in some cases, dramatically less. However, if you become an independent adjuster, you may have the opportunity to make more money.
Catastrophic or automatic adaptation occurs when a licensed adjuster is sent to an area that has been affected by some type of major disaster. This type of work can be very lucrative, as the adjuster is paid a fee for each claim they process. The great benefit and disadvantage of being an independent adjuster is that you don't work twelve months a year like staff adjusters do. You may only be called upon to work during times of disaster or when there is an unusually high volume of claims.
The adjuster will receive between 60 and 70% of the fee, and the remaining 30 to 40% will go to the adjustment company for which he works. If you're thinking about becoming a Claims Adjuster or are planning the next step in your career, it's important to understand what the job entails and how much money you can make. Here are some tips for becoming a successful Claims Adjuster and earning the most money:
- Get Licensed: In order to become a Claims Adjuster, you must first obtain a license from your state's insurance department. This process typically involves passing an exam and completing a certain number of hours of training.
- Gain Experience: Once you have obtained your license, it's important to gain experience in the field.
You can do this by working as an apprentice for an established Claims Adjuster or by taking on small claims on your own.
- Network: Networking is key when it comes to finding work as an independent Claims Adjuster. Make sure to attend industry events and join professional organizations in order to meet potential employers.
- Stay Up-to-Date: The insurance industry is constantly changing, so it's important to stay up-to-date on new laws and regulations. This will help you stay ahead of the competition and ensure that you are providing the best service possible.
