What is an Independent Adjuster Job?
An independent adjuster is a professional who assesses insurance claims on behalf of insurance companies. They investigate the claims filed by the policyholder, evaluate the damage, and determine the amount of compensation that the policyholder is entitled to. The job of an independent adjuster is to ensure that the claimant receives a fair and accurate assessment of their losses.
What usually do in this position?
The independent adjuster's job includes conducting interviews with the claimant and witnesses, inspecting the site of the loss, gathering information from police reports, medical records, and other sources, and analyzing the information to determine the extent and cause of the loss. The adjuster then prepares a report for the insurance company, recommending a settlement amount based on their findings. The adjuster may also negotiate with the claimant's representative to reach a settlement that both parties agree on.
Top 5 Skills for Position
- Excellent communication skills
- Strong analytical and problem-solving skills
- Attention to detail
- Ability to work independently and manage time effectively
- Experience with insurance policies and claims processing
How to Become This Type of Specialist
To become an independent adjuster, you need a high school diploma or equivalent, and some states may require a license. You can obtain a license by completing a state-approved training program and passing an exam. Many independent adjusters have a college degree in a related field, such as insurance, business, or law. Experience in the insurance industry or a related field is also beneficial.
Average Salary
The salary of an independent adjuster varies depending on experience, location, and the size of the insurance company they work for. According to the Bureau of Labor Statistics, the median annual salary for claims adjusters, examiners, and investigators was $67,680 in May 2020.
Roles and Types
Independent adjusters can work for insurance companies, third-party claims administrators, or be self-employed. They can specialize in different types of claims, such as property damage, auto accidents, or workers' compensation. Some adjusters focus on catastrophic claims, such as natural disasters or large-scale accidents.
Locations With the Most Popular Jobs in USA
The states with the highest employment levels for claims adjusters, examiners, and investigators are California, Texas, Florida, New York, and Pennsylvania. These states have large populations and active insurance markets, which create more job opportunities for independent adjusters.
What Are the Typical Tools
Independent adjusters use a variety of tools to investigate claims, including digital cameras, measuring tapes, laptops, and software programs that help them estimate the cost of repairs or replacements. They may also use drones to inspect roofs or other hard-to-reach areas.
In Conclusion
Independent adjuster jobs offer a challenging and rewarding career path for individuals who enjoy problem-solving, working independently, and helping others. With the right skills and qualifications, you can become a successful independent adjuster and make a difference in the lives of people who have suffered a loss.