The Pros and Cons of Being A Claims Adjuster?

Answer 1

A claims adjuster is a professional within the insurance industry. The duties of this insurance professional include several things. For example, an automobile claims adjuster will usually gather evidence to make a decision on liability. It is their job to gather photos, police reports, witness statements, and medical records to determine the insurance company’s liability. The claims adjuster interacts with many people. Lawyers, plaintiffs, defendants, police officers and witnesses are all people that the claims adjuster must contact.

Becoming a claims adjuster can begin by earning a bachelor degree. Most insurance companies will require entry level claims adjusters to have this credential. Many entry level positions will train the new claims adjuster. Three months is the amount of time the training usually takes. During this training, intense classes teach these professionals the foundation of what they must know. New claims adjusters learn the laws of the state and other helpful things.

Furthermore, the entry level claims adjuster can earn $27,000 to $43,000 per year. This will definitely depend on the geographic area. There are many opportunities to advance within the field. Within the automobile insurance industry, experienced claims adjusters can become medical adjusters. This position is more specialized, and the adjusters have the ability to earn more. More specialization can result in significant salary increases.

Many people start out in the customer service department of an insurance company, and the person will advance into a claims adjuster position. Employers will often waive the requirement for a degree in this case. The experience replaces or substitutes for education.

In conclusion, the insurance industry is growing and many weather recessionary periods well. Others that do not have solid financial footing do not; however, many claims adjusters maintain successful careers in this industry. A claims adjuster must be able to deal with people effectively, and the ability to organize multiple tasks is important. Caseloads are often heavy; thus, the claims adjuster must be able to efficiently manage time. Effective written and verbal communication skills are important. There is a great deal of writing and documentation required. Claims adjusters work primarily in an office setting. There are some that work in the field. These two positions vary greatly.