Adjusters are professionals who assess and settle insurance claims. They are responsible for determining the amount of money that should be paid to the claimant. There are two main types of adjusters: staff adjusters and independent adjusters. Staff adjusters are employed by an insurance company and typically earn less than independent adjusters.
The adjuster will receive between 60 and 70% of the fee, while the remaining 30 to 40% will go to the adjustment company they work for. This is a great benefit for staff adjusters, as they are guaranteed a steady income throughout the year. Independent adjusters, on the other hand, have more flexibility in terms of their income. They are not tied to a single company and can work on a freelance basis.
However, this also means that their income is not guaranteed and can vary depending on the number of claims they handle. 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 adjuster typically earns more than staff or independent adjusters, as they are often required to work long hours in difficult conditions. In conclusion, it is difficult to determine which type of adjuster pays the most, as it depends on a variety of factors such as experience, location, and type of claim.
However, catastrophic or automatic adaptation is typically the highest paying job for an adjuster.
