In this career summary, you will find out what the job of A Property Claims Examiner is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
Property and Casualty Insurance Claims Examiners review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures. Report overpayments, underpayments, and other irregularities. Confer with legal counsel on claims requiring litigation.
- Investigate, evaluate, and settle claims, applying technical knowledge and human relations skills to effect fair and prompt disposal of cases and to contribute to a reduced loss ratio.
- Adjust reserves or provide reserve recommendations to ensure that reserve activities are consistent with corporate policies.
- Resolve complex, severe exposure claims, using high service oriented file handling.
- Pay and process claims within designated authority level.
$64300 per year
$30.91 an hour
Property Claims Examiners with little to no experience tend to make between $37880 and $47590 while the more experienced ones make over $77910 per year.
|Top 5 paying states||Hourly||Annual|
1 of the easiest ways to increase your salary as A Property Claims Examiner is to move to a higher paying state like DC. Right now, the highest paying states for Property Claims Examiners are DC, AK, NJ, CA and CT.
However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as A Property Claims Examiner is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
Recommended degree level
We asked other Property Claims Examiners what degree they had when they got the job and most of them said they had a Bachelors degree followed by 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.
Another popular question from our readers is what makes A Property Claims Examiner successful or would they be good in this career.
Well, we found that most successful Property Claims Examiners have these 5 skillsets.
In addition to that, 1 common characteristic among successful Property Claims Examiners is they are good at Integrity. Here are the top 5 common characteristics.
|Attention to Detail|
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Property Claims Examiner as your career.
|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|
|Not suitable for people who likes to work with designs|
|It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.|
|Long working hours (More than 40 hours per week)|
There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.
A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.
What is the job like
Is this job meaningful
More than 40 hours per week
Regular (Set schedule and routine)
On a normal working week Property and Casualty Insurance Claims Examiners work More than 40 hours per week.
70% of Property Claims Examiners said they were satisfied with their job and 47% said they feel like their job is making other people’s lives better.
Is this right for me
Best personality for this career
The Organizers and The Persuaders
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.
How we can help
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They 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.
They obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
They monitor and evaluate compliance with equal opportunity laws, guidelines, and policies to ensure that employment practices and contracting arrangements give equal opportunity without regard to race, religion, color, national origin, sex, age, or disability.
They determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
They review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
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