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Where could I find out the salary a Claims Adjuster makes?

Updated: 9/17/2019
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11y ago

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To find out the salary a claims adjuster makes you can go to www1.salary.com. It will give you the median in the united states of how much you can make. It also has a calculator to determine how much you can make in your area and with your experience.

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Q: Where could I find out the salary a Claims Adjuster makes?
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What does the term 'adjuster' mean in insurance?

An insurance adjuster is an individual whose function it is to resolve claims that are asserted as being covered under an insurance policy. The claims can be asserted either by the person or entity insured under the policy, or by a third-party who claims benefits under the insurance policy, for example, due to the insured's negligence. Stated otherwise, an adjuster makes the following determinations and performs the following acts: 1. Confirming that the policy was in force at the time of the occurrence; 2. Investigating the facts of the occurrence, including requesting and analyzing all paperwork; 3. Determining whether the language of the policy, reasonably construed, applies or does not apply to the facts of the occurrence; 4. Assessing the damages or other amounts payable under the policy using the policy itself, applicable law, and other applicable reference materials as indicated. Related to this, the adjuster determines who/what are the proper payee(s) of the proceeds; 5. Compliance with all laws governing the adjuster functions in the jurisdiction. An insurance adjuster is a licensee of the state department of insurance. Inherent in that status is the requirement to pass a state examination to obtain a license, and to take continuing education courses as required by the by the state of licensure. An adjuster can be a "company adjuster", meaning that he/she works for an insurance company, or an "independent adjuster", meaning that he/she can be hired by an insured to act as an advocate for the insured with respect to the claim(s). The adjuster cannot act in both roles. An independent adjuster is usually compensated as a percentage of the amount recovered, and the engagement must usually be documented in writing from the outset.


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