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Insurance Adjusters and Investigators
Insurance Adjusters and Investigators investigate, analyze, and determine the extent of insurance company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, witnesses, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
Table of Contents
Job description
Insurance Adjusters, Examiners and Investigators investigate, analyze, and determine the extent of insurance company’s liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, witnesses, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
- Examine claims forms and other records to determine insurance coverage.
- Analyze information gathered by investigation and report findings and recommendations.
- Review police reports, medical treatment records, medical bills, or physical property damage to determine the extent of liability.
- Investigate and assess damage to property and create or review property damage estimates.
Salary
Insurance Adjusters and Investigators with little to no experience tend to make between $39620 and $50020 while the more experienced ones can earn over $81390 per year.
| Top 5 paying states | Hourly | Annual |
|---|---|---|
| CT | $38 | $78,590 |
| MA | $37 | $76,150 |
| NJ | $36 | $74,260 |
| DC | $36 | $74,210 |
| AK | $35 | $73,370 |
One of the easiest ways to increase your salary as an Insurance Adjuster, Examiner and Investigator is to move to a higher paying state like CT. Right now, the highest paying states for Insurance Adjusters and Investigators are CT, MA, NJ, DC and AK.
However, a higher pay at CT doesn’t guarantee that you will make more because the living expenses at CT might be twice as high than where you are currently at now.
Three other factors that can increase your salary as an Insurance Adjuster, Examiner and Investigator is the degree you hold, the industry you work in, and lastly the company you work for.
Requirements
We asked other Insurance Adjusters and Investigators what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a High School Diploma.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
| Health/Medical Claims Examiner |
| Insurance |
Pros and Cons
Here are some of the pros and cons of being an Insurance Adjuster, Examiner and Investigator.
| PROS |
|---|
| Suitable for people who likes to follow routines |
| Suitable for people who wants to work in a supportive work environment |
| This career is perfect for people who love to work indoors. |
| Very good salary |
| Normal working hours (40 hours per week) |
| CONS |
|---|
| Not suitable for people who likes to work with designs |
What is the job like
67% of Insurance Adjusters and Investigators said they were satisfied with their job and 43% said they feel like their job is making other people’s lives better.
Is this right for me
You can read more about these career personality types here.
People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..
They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
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Related career information
Insurance Adjusters and Investigators job description, Insurance Adjusters and Investigators salary, Insurance Adjusters and Investigators information, what is the job of an Insurance Adjuster, Examiner and Investigator like, pros and cons about Insurance Adjusters, Examiners and Investigators, colleges and universities for Insurance Adjusters, Examiners and Investigators, is Insurance Adjusters, Examiners and Investigators the right career for me, careers in Business and Finance
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