Understanding Types Of Claim Adjuster Training
So, you want to know about claim adjuster training and want to be an insurance adjuster?
You’re not alone.
In fact, there are many individuals who are planning to become insurance claim adjusters. Why are so many people rushing off to become a claims adjuster? According to the Bureau of Labor and Statistics,
“despite declining employment, about 23,200 openings for claims adjusters, appraisers, examiners, and investigators are projected each year, on average, over the decade. All of those openings are expected to result from the need to replace workers who transfer to other occupations or exit the labor force, such as to retire”.
And how much do these adjusters make?
“The median annual wage for claims adjusters, examiners, and investigators was $65,080 in May 2021.
The median annual wage for insurance appraisers, auto damage was $62,680 in May 2021″.
Would that be life-changing money for you? If so you can have this high-paying job with out a degree.
Think you’ve got what it takes?
So do they.
They think that they have the skills required to become a professional claims adjuster. But how can you have skills with no experience? This bigger issue is this they do not know about the training programs and certifications they have to go through.
The claims adjuster training you need comes in 2 parts. The first part is for adjusters that are not yet licensed. The other is for those who hold an insurance adjuster license. FYI, just because you have a license doesn’t mean you’ll get work right away.
After reading this article you will know everything about the claim adjuster training (you need)
STEP 1: (In most states) You must take a 40-hour course and exam.
Think of this as your SAT or ACT.
To get to the next level in the insurance field most states require an exam. To qualify for the exam you must take a pre-license course. Most pre-license courses are 40 hours. The course is called the property and casualty course.
There are many names but focus on the above to keep you from getting confused.
Why is the course required?
It helps you understand insurance laws. This helps prevent fraud and jail time for the licensee.
Another question we see a lot is, “how hard is the property and casualty exam”. Tough question. Really tough. Here’s why… Each state is different and each test taker will study differently.
Those who study well will pass quickly. Others will not and might still pass.
But you’ll never pass unless you take it.
Step 2: After you pass your exam and get your claims adjuster license
Because after you pass training begins – just like doctors have a residence program – adjusters have training and certifications that must get to be knowledgeable and learn the industry.
Yes, there are different types of training programs available.
You can choose your niche/concentration:
- farm (crop/agricultural)
- medial/worker’s comp
- hurricanes and more.
As an applicant, you learn a little bit about all of them. Just like an entry-level freshman class in college. After the exam, you’ll focus on your selected niche. For the exam, Lloyd’s of London has the best Marine program in the world.
Step 3: Property & Casualty Insurance Adjuster Training
All adjusters should participate in property and casualty claims training. The benefit is bananas. Most importantly, you will get training on how to work with different companies and clients. Most of their clients will have just suffered a loss or damage to property they own. This adjuster’s training will present laws, regulations, and customer care practices.
But that’s not all…
you will learn how to make the right judgments based on the available information. What does this mean? It means you’ll learn how to identify different types of fraud, different types of damage, and how to calculate damages.
Why do all this?
To assure that the person who has claimed the insurance will not have to suffer. That’s the main purpose of insurance – to help fix damages and help get that policyholder’s life back in order. Apply for an advanced training program once you have completed the initial training. (i.e pick your niche).
There are many adjusters who prefer to work independently.
This means you can work for multiple companies at the same time.
Most training programs teach adjusters the following:
- how to deal with the tasks given by different companies
- how to draw floorplans according to the company’s specifications
- how to submit reports on a tight deadline
Time management is very important because you cannot be late with the report at any cost. Or you’ll have management on your neck. Adjusters must learn to manage different tasks at the same time.
Communication skills are another big asset.
PROTIP: almost all claims have a tight deadline (usually 10 – 15 days).
- If you are good at working under pressure, you’ll be good at this job.
- If you are good at time management you’ll make a great claims adjuster.
- If you want to work from home, you should explore this career
Claims Adjuster Training Works For all 3 types of adjusting. This includes are the subsect types of adjusters (i.e. auto, daily, catastrophe or CAT). Everyone with a license is a claims adjuster and needs training. By the way, training is ongoing. You’ll always be practicing your craft.
You will have to work with different clients. You will learn how to handle different types of cases related to property damage. With the training program, you will learn all the skills to become the best adjuster.
Staff Adjuster Training
In order to become a staff adjuster, you have to complete the following tasks.
- They have to work for the company and interview to land a position
- Adjuster high loss claims in the millions of dollar range
Sometimes they work with the minor claims associated with commercial and industrial issues. They commonly work with the workers and employees of the company and assure that they will get the deserved compensation in case something happens.
In the training program, they will learn everything related to the management of the claims and how they have to prove whether the applicant is worthy of the compensation he/she is applying for or not.
It is a very critical task because you have to carefully collect all the required information without making any mistakes.
If you’d like to know about upcoming training email firstname.lastname@example.org. Do it now! There’s a new training class every 6 weeks.