Claim Adjuster Career Field

Career Overview

Claim adjusters or adjustors work with businesses and individuals when they must file an insurance claim through a policy that the business or individual owns when they experience a loss or damage to property. Claim adjusters are responsible to schedule and process the claim. They can assist with claims filed after an automobile accident or damage from a storm to a home. Adjusters investigate claims by doing interviews, consulting police and hospital records, and inspecting property damage. They can also consult with other professionals like accountants, architects, construction workers, engineers, lawyers, doctors, and others who can offer expert advice regarding accidents and injuries. Sometimes, adjusters must work with attorneys when claims are contested and legal action is pursued. Most claims adjusters work for property and casualty insurance companies.

Education Requirements

Associate’s Degree in Auto body Repair for Auto Damage Appraisers/Claim Adjusters
Bachelor’s Degree in Business/Civil Engineering/Architecture

Colleges degrees are not required to get hired as an insurance adjuster. However, many insurance companies like to hire insurance adjustors with an educational background in the field they will be doing claims in. For example, an accounting background or degree is excellent for an adjustor working in business losses ensured due to equipment breakdowns or damaged merchandise. Someone with a degree or background in architecture or civil engineering might be perfect to work with property and structural insurance claims. Most entry level claims adjusters will work with an experienced adjuster for several months to a year before being permitted to work on their own.

Coursework

Accounting
Structural & Architectural Engineering
Automotive Repair
Cost Estimating
Communications
Reporting & Investigations

Licensing Requirements

Some states only require insurance companies to be licensed and adjusters can work under this license. Licensing requirements for claims adjusters vary by state. Some states also require public adjusters to file a surety bond. Some states also require adjusters with license to do continuing education training to keep their license current each year.

School Recommendations

Kaplan University
Liberty University
Capella University
University of Phoenix
Grand Canyon University

Employment Trends

Job Availability as of May 2008: 306,300
Projected Employment in 2018: 327,200
Average Annual Salary for Claim Adjusters in 2008: $55,760

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Article Reference: Bureau of Labor Statistics

 

 

 

 

 

 

 

 

 

 

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