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 Posted: Tue Apr 28, 2009 3:16 pm Post subject: How much does a claim adjuster make? |
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| Whats training do you need and where do you get it in the st of ct? and the earnings the first year with a bachelors in accounting. |
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rhosummmer
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| Posted: Tue Apr 28, 2009 3:48 pm Post subject: |
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There are many sites that can give you an idea as to what the occupation earns. I can say that many insurance companies don't pay much for adjuster trainees... people with no experience and whom they need to train. In those cases they might only pay around $35,000/year. Also, it depends on what the position requires. Many adjusters might only handle automobile claims. Other may only handle property claims. Some carriers write commercial policies and others only write personal lines policies. Other adjuster only handle injury claims. So pay can differ slightly based on what the adjuster will be doing.
Don't expect to be making a ton of money with no experience. Also, people either hate being an adjuster or like it. It's a _whole LOT_ of processing paperwork and a little bit of investigating. IMHO its the investigation that is interesting. You also need to be _very_ organized. |
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tcope
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| Posted: Tue Apr 28, 2009 7:53 pm Post subject: |
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| What tcope said is true. I looked into this field some months ago with a certain big name auto insurance co. With no experience in the field and to be trainned the starting salary was in the low to mid $30,000s. You had to attend their trainning which depending on where you lived could be some distance from your home, then work in a certain area, also which could be some distance from your home, for a certain amount of time . |
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Chad
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| Posted: Wed Apr 29, 2009 3:23 am Post subject: |
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It's my understanding that a lot of companies have a hiring freeze right now. If you are getting into this to make"big" money you might want to use that accounting degree in another field.
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Dasfuk
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| Posted: Wed Apr 29, 2009 4:04 am Post subject: how much does a claim adjuster make? |
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I think the earning would also depend upon the type of adjusting career you would choose. Now, if you decide to become a public adjuster where you are required to chase the disasters and be your own manager, the payment would depend upon your negotiation skills.
Many public adjusters earn in percentage of the claim. Therefore, if you are a good negotiator and manage to get more from insurance company for the client, you would get more.
~Jeremy |
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JeremyHolter
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| Posted: Wed Apr 29, 2009 4:28 am Post subject: |
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I think earning big money on the first year isn’t possible at any career, especially when you are inexperience. You value comes with your experience. More success stories you can add to your resume more would be your value.
Summer, any particular reason to look for an opening in the field of adjusting? |
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jeorge
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| Posted: Wed Apr 29, 2009 5:54 am Post subject: |
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| Quote: | | Now, if you decide to become a public adjuster where you are required to chase the disasters and be your own manager, the payment would depend upon your negotiation skills. |
Thats an Independent Adjuster. They work for insurance companies. Public Adjusters are for hire by any non-insurance company. |
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tcope
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| Posted: Wed Apr 29, 2009 12:01 pm Post subject: |
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| Quote: | | If you are getting into this to make"big" money you might want to use that accounting degree in another field. |
I couldn't agree with that statement any more!
OP, Tcope and I have been drawing 'adjuster' paychecks for a combined 40 years and neither one of us would consider ourselves rich (monetarialy)...(don't think so anyway...todd are you rich?)...you can make a good living...as T also mentioned, believe me this field is NOT for everyone...there is a lot of stress (the amount will depend on the company you work for but there will be stress  )....but if you like your job, you get thru it....and continue....it takes a certain 'type' of person to handle the job....but rich.....na
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Lori
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| Posted: Wed Apr 29, 2009 1:25 pm Post subject: |
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| Quote: | | the amount will depend on the company you work for but there will be stress |
It's 6:04MST and I can't sleep. I went to bed at 1:20AM MST. Go figure.
| Quote: | | todd are you rich? |
I just took a bath in $20 bills!
I don't think many people choose to be an adjuster... it's just a job opening that they applied for. Then it's umpteen years later and they don't know how to do anything else. |
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tcope
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| Posted: Wed Apr 29, 2009 10:44 pm Post subject: |
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| Quote: | | I don't think many people choose to be an adjuster |
That's the truth, don't remember when I was a little girl dreaming about growing up to be a claims adjuster... | Quote: | | Then it's umpteen years later and they don't know how to do anything else. |
Truer words were never spoken...(where did those years go?  )
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Lori
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| Posted: Fri May 01, 2009 2:21 am Post subject: |
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Becoming an adjuster isn't something most people think about as careers or something you pursue in college. It's a lot like eating out with no place in mind. You don't leave the house feeling hungary and think about driving to Dennys. Dennys is a place you wind up at. 
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nobody special
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| Posted: Fri May 01, 2009 5:25 am Post subject: |
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Yup, after a long day of handling claims I feel full and satisfied!  |
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tcope
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| Posted: Fri May 29, 2009 12:40 am Post subject: Claims adjuster |
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Just about to have my first child and I am 32yrs old. I am looking to change careers and I am very much considering this field. After 2yrs in the field I would like to earn a min of 40 thousand. Do you think this is possible.
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James111
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| Posted: Fri May 29, 2009 5:22 am Post subject: |
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Which state are you from James? The pay would also depend upon the area you are residing, along with the other determining factors like- the company, type of employment, nature of claims that you would handle i.e. injury or property damage, your experience and so forth.
Do you have any previous experience in the field of insurance? |
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JeremyHolter
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| Posted: Fri May 29, 2009 5:31 am Post subject: |
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| James, first off you need to obtain the license to become the adjuster and for that you need to pass the state licensing test. Check out with your state's licensing requirements. |
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jeorge
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