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 Posted: Fri May 29, 2009 10:18 am Post subject: |
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| Quote: | | After 2yrs in the field I would like to earn a min of 40 thousand. Do you think this is possible. |
Jeremy, is of course correct...area, company and type of adjusting will make a big difference...In my area...the company I work for I think new hires without any experience start at about 38k or so...so this should'nt be much of a problem...most if not all carriers have a hiring freeze going on now...unless absolutely necessary to replace an adjuster...so might be a little tough.. | Quote: | | James, first off you need to obtain the license to become the adjuster and for that you need to pass the state licensing test |
Jeorge all states do not require adjuster licensing...
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Lori
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| Posted: Fri May 29, 2009 11:28 am Post subject: |
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| Quote: | | most if not all carriers have a hiring freeze going on now...unless absolutely necessary to replace an adjuster...so might be a little tough.. |
Doesn't progressive hire all the time?
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Opportunist
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| Posted: Wed Jun 10, 2009 11:01 pm Post subject: |
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Sorry for the delayed response.....
I'm from Ontario Canada. I have looked in the requirements and I'm set on taking the business insurance course at our local college.
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James111
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| Posted: Thu Jun 11, 2009 5:21 am Post subject: |
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Hello James, thanks for returning 
Best of luck! Hope you find success with your new career.
What line have you decided to pursue? Also, are you going to be with an insurance company or go independent?
Keep us posted. |
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jeorge
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| Posted: Sun Aug 16, 2009 7:55 pm Post subject: Claims Adjuster |
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How much you make depends on what comany you work for. Some work as independents for companies like Pilot and can make 200-300 thousand a year but they also have to pay for EVERYTHING. Plane tickets, rental cars, food, hotel, supplies and health insurance are all out of pocket. Independents are paid on a fee schedule and might make $90 if home is not approved and can make $250-450 if home is approved (usually on the lower end of that scale). Most will look at 4-7 houses a day and if all were approved that could be $1750 for a days work. Other adjusters work directly for the companies and get a salary with benefits but much less pay. Being independant requires great organization skills and being willing to travel 8-10 month out of the year. I talked to one adjuster a couple days ago who had not been home in 8 months. Allstate has the best training program from all the companies but you are considered a trainee for 3 months minimum. I have met with 2 adjusters (out of 50+) who do not leave their homestate and do make close to $100,000 a year but they have been with their companies for 15+ years. The only other thing to know is that there is a lot of paper work when you are done looking at houses. You might spend an hour or two per house doing inspections and measuring and the 45 minutes to an hour of paperwork when you get home.
Everything I wrote above deals with adjusting homes for storm damage and has nothing to do with auto.
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mshumann
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| Posted: Mon Aug 17, 2009 12:56 pm Post subject: |
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| Quote: | | Some work as independents for companies like Pilot and can make 200-300 thousand a year but they also have to pay for EVERYTHING. |
Well, I think such offers show you through some real savings opportunities.
Even when I go for such expenses out-of-pocket, I'm sure I'm gonna choose the kinda service that's economical under the current global crisis. Once I know, I'd bag 200-300 a year, it would help plan a budget!
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anonymous00
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| Posted: Mon Aug 17, 2009 10:32 pm Post subject: |
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Well I hope there are adjusters out there making 200k-300k, I sure don't know any that make even close to that! It would have to be storm chasers and as the poster said gone most of the year...Sounds like something I might think about when I retire! 
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Lori
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| Posted: Tue Aug 18, 2009 6:30 am Post subject: |
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The majority of CAT adjusters don't make anywhere near 200 to 300K. Everyday people see that type of post on a thread and think that they can make that until they pay for the training, purchase a vehicle and all tools needed, and then sit on their hands waiting for a storm and to actually get called out on a storm. There is so much more to it then just getting that much money a year.
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Dasfuk
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| Posted: Tue Aug 18, 2009 12:35 pm Post subject: |
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I know quite a few stormers, that work independent, one actually was a prior manager of mine that sold out and bought a motor home and he and his wife follow storms..but they sure don't make that much..
Das, you ever even HEARD of an adjuster making 200-300k?
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Lori
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| Posted: Tue Aug 18, 2009 11:12 pm Post subject: |
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I worked as a CAT supervisor in a prior life and would talk to CAT adjusters on a daily basis. The ones that I heard of that make that amount of money usually had a team set up to make that amount of money. The adjuster would inspect as many losses as possible with a wife or partner(s) at the hotel or cheapest shack that they could find with internet access (and power to boot). The "staff" at the hotel would set up appointments, map loss locations, draw diagrams, mount photos, and sometimes write estimates and reports. This would leave the adjuster to just do inspections (you could do a lot more in a day without all the other hassles). This is frowned upon by carriers and vendors since the adjuster is leaving important work to people without the experience.
Now the only adjusters that have a chance to make this kind of money would be pure CAT adjusters that worked for a vendor or more likely several vendors at a time. No staff adjuster or staff independent could make that kind of money. The one poster is correct, pure CAT adjusters have a lot of expenses that are not covered by any employer including computer, onsite tools, software (xactimate, simsol and some times more then one kind depending on the carrier), gas, lodging, food, transporation and spare cash for problems that arise.
There are a lot of CAT adjusters out there that can't make enough to make a living and end up dropping out and getting a different job. This is usually after being in the hole 10 to 15K and not being able to get out.
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Dasfuk
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| Posted: Wed Aug 19, 2009 10:16 am Post subject: |
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That's what I thought...
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