Insurance Adjusters, Examiners and Investigators: Salary, Job Description, How To Be One and More

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Insurance Adjusters, Examiners and Investigators jobs information
pros and cons of being an Insurance Adjuster, Examiner and Investigator

Insurance Adjusters, Examiners and Investigators

Other names for this job might include Accident Investigator, Adjuster, Adjustment Clerk, Appraiser, Arson Investigator, Auto Claims Adjuster, Benefit Authorizer, Bodily Injury Adjuster, Building Appraiser, Catastrophe Claims Supervisor


  • $64300
    Salary
  • 67%
    Job satisfaction
  • Medium
    Becoming one
  • Low
    Job growth
OwlGuru Rank

B



Insurance and Claim Adjusters: Know It All In 1 Minute


In this career summary, you will find out what the job of An Insurance and Claim Adjuster 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.



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.
  • Investigate and assess damage to property and create or review property damage estimates.
  • Interview or correspond with claimants, witnesses, police, physicians, or other relevant parties to determine claim settlement, denial, or review.
  • Review police reports, medical treatment records, medical bills, or physical property damage to determine the extent of liability.

Read more about what does An Insurance and Claim Adjuster really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$64300 per year

Hourly wage
$30.91 an hour


Insurance and Claim Adjusters 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 statesHourlyAnnual
DC$38.12$79300
AK$34.94$72670
NJ$34.34$71420
CA$33.95$70620
CT$33.65$69990

1 of the easiest ways to increase your salary as An Insurance and Claim Adjuster is to move to a higher paying state like DC. Right now, the highest paying states for Insurance and Claim Adjusters 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 An Insurance and Claim Adjuster 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).

Find out how much do successful Insurance and Claim Adjusters make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Insurance and Claim Adjusters what degree they had when they got the job and most of them said they had a Bachelors degree followed by Certificate.

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

Another popular question from our readers is what makes An Insurance and Claim Adjuster successful or would they be good in this career.

Well, we found that most successful Insurance and Claim Adjusters have these 5 skillsets.

Reading Comprehension
Active Listening
Critical Thinking
Speaking
Negotiation

In addition to that, 1 common characteristic among successful Insurance and Claim Adjusters is they are good at Attention to Detail. Here are the top 5 common characteristics.

Attention to Detail
Dependability
Stress Tolerance
Integrity
Self Control
= Hot in-demand that most employers are looking for

Read more about what it really takes to become An Insurance and Claim Adjuster and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose An Insurance and Claim Adjuster as your career.

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


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

Job satisfaction
67%

Is this job meaningful
43%


Working hours
40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Insurance Adjusters, Examiners and Investigators work 40 hours per week.

67% of Insurance and Claim Adjusters 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

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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Rank: B+
Salary: $58010

They appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
Rank: B
Salary: $63500

They 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.
Rank: D
Salary: $40240

They compile information and records to draw up purchase orders for procurement of materials and services.
Rank: B
Salary: $56890

They determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
Rank: C
Salary: $50120

They perform duties related to the purchase, sale or holding of securities. Duties include writing orders for stock purchases or sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, distributing dividends, and keeping records of daily transactions and holdings.






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Career type

Business and Finance
Insurance Services

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Related to Insurance Adjusters, Examiners and Investigators Career Information

Insurance Adjusters, Examiners and Investigators job description, Insurance Adjusters, Examiners and Investigators salary, Insurance Adjusters, Examiners 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, Medium careers to get into, careers in Business and Finance

Additional resources

http://www.bls.gov/OOH/business-and-financial/claims-adjusters-appraisers-examiners-and-investigators.htm
http://www.claim.org/index.cfm
http://www.napia.com/
http://www.theinstitutes.org/

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Insurance Adjusters, Examiners and Investigators
Written by: Stanley Tan
Insurance and Claim Adjusters 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.
4 / 5 stars

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