by dsk_inc » Thu Oct 02, 2008 01:25 am
I looking at becoming an insurance adjuster. I've been in residential design, surveying, scouting, and construction for 19 years. It seems there would be a need for adjusters at the hard hit areas of the USA and i was wondering if this is a good field to be in. How much money can an adjuster make? How difficult is it to become one? - thanks!!!
Posted: Tue Aug 02, 2011 12:12 am Post Subject: CAT
New to the insurance thing. What is CAT?
Posted: Tue Aug 02, 2011 12:31 am Post Subject:
Short for CATastrophe.
Posted: Wed Aug 10, 2011 05:37 am Post Subject:
A CAT adjuster is a chiropractor for felines.
Posted: Wed Oct 12, 2011 04:45 pm Post Subject:
@Dasfuk, that is the funniest thing I've ever read, busted out laughing!!!
On your previous post, thanks! That was very thorough, you obviously took a good time to write a very, very enlightening post! I've been working 6 years as an agent in an office, bored beyond death, that's actually the kind of challenge I'm looking forward to, you made it look very REAL for me, thanks again
Posted: Tue Dec 13, 2011 08:26 am Post Subject: CAT Adjusting Pay
I have been an agent for going on 7years, about 60K year. Friend told me about an oppty CAT Adjusting, earning 30K in 30days; Work 4ms a year and for 120K. Is this realistic $$ for a Rookie CAT Adjuster just getting started?
Posted: Tue Dec 13, 2011 06:01 pm Post Subject:
You can expect not to find this type of job. First, it's a made up job. I don't know if any adjuster that makes $1000/day. That means that they would need to bill $100/hour for 10 hours each and every day. Many CAT adjusters work 12 hours a day but they don't earn $100/hour.
These CAT adjusters _do_ get paid well but that is because they have years and years of experience doing what they are doing. The highest paid CAT adjusters work as independent adjusters and as such, need to be able to work alone and know everything about what they do. They also have expenses, such as property damage software and even lodging. If a CAT adjuster works for an insurance company then they have been employed for awhile at that company. They usually get paid around over-time wages for working CAT and have most of their expenses paid by their employers. However, they make far (far) less then you have been told. When they are not working CAT, they work in an office handling claims.
What you were told about are independent adjusters who either work for adjusting companies or have a track record with certain insurance companies. They make only work a few months out of the year. They also don't make the kind of money you were told about. That might be before expenses, at best, but at most I'd say around $4000/week. It's also 12-14 hour days 7 days a week of _solid_ work (no breaks) and, by the nature of the work, in not so nice conditions. Again, these are the people who have 7,10, 15 years experience handling these types of claims.
Posted: Fri Jan 27, 2012 02:20 am Post Subject:
@Dasfuk, Nathan only got to keep $90,400 per year as his expenses were 20% of the $133,000.
Posted: Thu Feb 02, 2012 08:07 am Post Subject:
two story steep assignment = 750/day. If your wife is your helper this =950/day. You do the math for a 6 month assignement. In my case I have been deployed for almost a year.
Posted: Fri Apr 13, 2012 10:25 pm Post Subject:
i am 23 and made 80k my first year, that is from only 6 months of work also. Staff adjusters down here in south florida can make bare minimum 60 k a year. If you are not making at least 60k a year, then your company most likely will let you go. Most Staff adjusters in south florida can make an average of 90k a year, if you are good.
The only problem for most people is that, these adjusting firms will not hire you if you do not have someone that has trained you prior to submitting a resume.
Posted: Sun Jul 08, 2012 06:16 am Post Subject: Newbie Adjuster
Hello,
I recenntly completed the Insurance Claim Adjuster training course, and was awarded a diploma. I've more than 25 yrs in construction, and 16+ in field inspections. WHAT are my chances of finding a job in this industry? How are adjusters paid? Do you have to purchase your own software(exactimate/Simsol.) Can someone tell me how the process works? Thanks.
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