Claims Adjuster Job Profile and Description

The work of the Claims Adjuster is to investigate claims against different types of the insurances. These claims can be anything from personal loss, property loss t that of other damages. Their job is to handle the claims the policyholders which the claimants file with the insurance company. These claims adjusters have the duty of thoroughly investigating a claim, determining if the payment is warranted and then negotiating a financial settlement.

Claims Adjuster Duties And Responsibilities

  • Analyzing information gathered through investigation and findings reports and recommendations on the information.
  • Negotiating claim settlements and recommending litigation whenever there is no opportunity for settlement.
  • Examining titles to property and acting as company agent.
  • Examining forms of claims in order to determine insurance coverage.
  • Collecting evidence needed to support contested claims in court.
  • Interviewing agents and claimants in order to correct errors and investigating questionable claims.
  • Deciding on how much money will be paid out to the policyholder or claimant in damages.
  • Determining whether the claim on the policy is legitimate and negotiating a settlement amount.

Claims Adjuster Skills and Specifications

  • Good communication skills.
  • Great negotiating skills.
  • Attention to details.
  • Great sense of evaluation.
  • Adequate knowledge about laws pertaining to insurance.

Claims Adjuster Education and Qualifications

  • No formal education is needed but the organizations prefer to hire people with college degrees. Therefore, it is better to have a bachelor’s degree in any subject.
  • However these education courses may be taken aid of even on jobs. But the required skills cannot be done away with.

Claims Adjuster Salary

  • According to the agency reports the median annual wage is $55,760.
  • Along with this regular salary these claims adjusters can earn significant bonuses and commissions.