What is an Independent Claims Adjuster Job?
An independent claims adjuster is a professional who investigates insurance claims on behalf of insurance companies or policyholders. They assess the damage or loss and determine the amount of compensation that should be paid out. Unlike staff adjusters who work for a single insurance company, independent claims adjusters are self-employed or work for independent adjusting firms.
What Do Independent Claims Adjusters Usually Do in This Position?
Independent claims adjusters are responsible for reviewing insurance claims, conducting interviews with the policyholders, witnesses, and other stakeholders, inspecting the damaged property, gathering evidence, and consulting with experts such as engineers or medical professionals. They also negotiate with the insurance company or the policyholder to reach a settlement agreement that is fair and reasonable.
Top 5 Skills for This Position
- Strong communication skills
- Excellent analytical and problem-solving skills
- Attention to detail and accuracy
- Ability to work under pressure and meet deadlines
- Customer service and negotiation skills
How to Become an Independent Claims Adjuster?
To become an independent claims adjuster, you typically need a high school diploma or equivalent, although some employers may prefer candidates with a bachelor's degree in business, finance, or a related field. You also need to obtain a license from your state's insurance regulatory agency, which involves passing an exam and fulfilling other requirements such as background checks and continuing education.
Average Salary
The average salary for an independent claims adjuster in the United States is around $60,000 per year, but this can vary depending on factors such as location, experience, and specialization. Some independent claims adjusters may earn more than $100,000 per year.
Roles and Types
Independent claims adjusters can specialize in different types of claims, such as property damage, liability, workers' compensation, or auto insurance. They can also work as catastrophe adjusters who respond to natural disasters or as appraisers who determine the value of damaged property. Independent claims adjusters can work for insurance companies, third-party administrators, or directly for policyholders.
Locations with the Most Popular Jobs in USA
The states with the highest employment of claims adjusters are Texas, California, Florida, New York, and Pennsylvania. However, independent claims adjusters can work remotely or travel to different locations depending on the needs of their clients.
What Are the Typical Tools?
Independent claims adjusters use various tools and technologies to perform their job duties, such as measuring devices, cameras, laptops, smartphones, estimating software, and databases. They also need to be familiar with relevant laws, regulations, and industry standards.
In Conclusion
Independent claims adjusters play a crucial role in the insurance industry by ensuring that claims are investigated, evaluated, and settled fairly and efficiently. To succeed in this profession, you need to have a combination of technical skills, interpersonal skills, and business acumen. If you are considering a career as an independent claims adjuster, it is important to research the requirements and opportunities in your area and to stay up-to-date with industry developments and trends.