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Started By
Message
Insurance Adjuster
Posted on 6/28/16 at 10:15 am
Posted on 6/28/16 at 10:15 am
Anyone on here an Insurance Adjuster, specifically a "Catastrophic" Insurance Adjuster? With your experience in this career field how do you like it? What are the pros and cons? Thinking about possibly making the move here in a few years.
4
Posted on 6/28/16 at 10:19 am to noles25
Can you say 'no'? You're hired.
Posted on 6/28/16 at 10:22 am to noles25
Yes.
Just got done with being a CAT adjuster. Going to be working from home now.
First some questions for you because everybody is in a different situation.
You wanting to be a CAT adjuster for a big company (which is what I did) or you going to be an independent?
ETA: some answers to original post.
Pros:
Get to see the country.
Job is not boring. Something new everyday.
Pay is good.
If you are working for a big company, you can save up the rewards points toward car rentals/hotel stays. I'm now a platinum elite member for marriott.
Depending on the company your schedule can be a good thing or a bad thing.
Not stuck in an office.
Cons:
Workload can be tremendous in not just the claims, but the supplements for prior claims you have already handled.
So, you can't go sight seeing. The most sight seeing you can do is on your way to claims or if it rains and you have a free day, which we come back to working supplements.
Something new everyday. Hard to become an expert on stuff when you work a wind/hail claim, blown up hot water heater, and some moron running into their dining room with their car all in the same day. A lot of on the job training.
Getting deployed to shitholes to work. You'll get sent to Baltimore, Phillly, NYC,( bad parts of these cities.)
Most important thing is missing time away from family.
If I had it to over again, I would have loved this job straight out of college. I would have just saved and saved. You can save a ton with certain companies because they will send you somewhere for almost a month.
A shite-ton of paper work. Everything has to be documented. Working 12 hours most days and sometimes longer.
Summary:
Loved the job, but it is very demanding. Companies are starting to gear toward people with excellent customer service skills because other than an insurance agent, the adjuster is the person the customer is going to think of when it comes to that insurance company.
Just got done with being a CAT adjuster. Going to be working from home now.
First some questions for you because everybody is in a different situation.
You wanting to be a CAT adjuster for a big company (which is what I did) or you going to be an independent?
ETA: some answers to original post.
Pros:
Get to see the country.
Job is not boring. Something new everyday.
Pay is good.
If you are working for a big company, you can save up the rewards points toward car rentals/hotel stays. I'm now a platinum elite member for marriott.
Depending on the company your schedule can be a good thing or a bad thing.
Not stuck in an office.
Cons:
Workload can be tremendous in not just the claims, but the supplements for prior claims you have already handled.
So, you can't go sight seeing. The most sight seeing you can do is on your way to claims or if it rains and you have a free day, which we come back to working supplements.
Something new everyday. Hard to become an expert on stuff when you work a wind/hail claim, blown up hot water heater, and some moron running into their dining room with their car all in the same day. A lot of on the job training.
Getting deployed to shitholes to work. You'll get sent to Baltimore, Phillly, NYC,( bad parts of these cities.)
Most important thing is missing time away from family.
If I had it to over again, I would have loved this job straight out of college. I would have just saved and saved. You can save a ton with certain companies because they will send you somewhere for almost a month.
A shite-ton of paper work. Everything has to be documented. Working 12 hours most days and sometimes longer.
Summary:
Loved the job, but it is very demanding. Companies are starting to gear toward people with excellent customer service skills because other than an insurance agent, the adjuster is the person the customer is going to think of when it comes to that insurance company.
This post was edited on 6/28/16 at 10:50 am
Posted on 6/28/16 at 10:26 am to Stud Bud
Will be working with someone who plans on starting their own business. From your perspective, what are the major advantages/disadvantages to working for a big company vs. independent?
Posted on 6/28/16 at 10:27 am to Stud Bud
Know this (my buddy is a cat adjuster), you will be gone from home and living in shite conditions for months at a time during which you will make great $$$. Then you will sit home idle and watch your bank account drain while you wish ill upon some part of the nation. You better have a money maker for the dry periods because if you ain't working you ain't earning. At least that is his pay set up. I laugh and call him a vulture.
Posted on 6/28/16 at 10:34 am to jbgleason
That's what I've been told by the gentleman who I plan on working with. Just have to budget yourself when you are not making money of course. I like the idea of working my tail off and then being able to relax with my family, rather than working my typical 7-4:30 Monday thru Friday behind a computer.
Posted on 6/28/16 at 10:38 am to noles25
I know a guy who works for Progressive. His been trying for a career change for years because he's tired of "the daily confrontations with people."
Posted on 6/28/16 at 10:40 am to noles25
Just responded to your post.
Posted on 6/28/16 at 10:43 am to noles25
This business isn't for most. I did cat work on the independent side for 6 years before moving into the daily claim side. There is no work till there is work, then you drop everything and drive to wherever to work in the country you are needed with about a 24 hour notice. You supply everything, vehicle, laptop, hotel, software, ladders, camera, etc.
You work till there is no more work, that could be 1 week or months. The last time I did cat work, I was gone from home from the beginning of Feb till late October. During this time frame, I was home 3 weeks total. Longest stretch away was 2.5 months.
You will lose money on your first couple of deployments, and then there is the politics involved...
You work till there is no more work, that could be 1 week or months. The last time I did cat work, I was gone from home from the beginning of Feb till late October. During this time frame, I was home 3 weeks total. Longest stretch away was 2.5 months.
You will lose money on your first couple of deployments, and then there is the politics involved...
Posted on 6/28/16 at 10:44 am to Stud Bud
quote:
You'll get sent to Baltimore
I hate this fricking city. I think it is the biggest shithole I have ever worked...
Posted on 6/28/16 at 10:47 am to noles25
Ok. So it is independent.
Yea. You will have to budget.
If I was an independent, I would just park my car in TX and wait for the storms to roll in...
You have to budget more carefully. Where I was working previously, I knew guys who had been independent. They told me stories of sharing hotel room with other adjusters so they could save money. During Mega-Cats like Katrina and Sandy these guys made over $100k in 3 months, but when the work dries up, it dries up.
You just have to keep your ear to the ground on where the storms hit, but TX is where it's at. There always seems to be major wind/hail storms in TX.
Yea. You will have to budget.
If I was an independent, I would just park my car in TX and wait for the storms to roll in...
You have to budget more carefully. Where I was working previously, I knew guys who had been independent. They told me stories of sharing hotel room with other adjusters so they could save money. During Mega-Cats like Katrina and Sandy these guys made over $100k in 3 months, but when the work dries up, it dries up.
You just have to keep your ear to the ground on where the storms hit, but TX is where it's at. There always seems to be major wind/hail storms in TX.
This post was edited on 6/28/16 at 10:50 am
Posted on 6/28/16 at 10:54 am to Stud Bud
quote:
They told me stories of sharing hotel room with other adjusters so they could save money.
I have made post on Craigslist for a town. Said I was looking for a furnished room and willing to pay $200 per week cash. Explained I was intown for claim work. I would have a number of people email me. Worked out pretty good.
Posted on 6/28/16 at 10:55 am to noles25
FYI: your thread has been anchored due to shitty thread title. You need to fix the title and head to the help board and start a topic to get that removed, otherwise the claim is going to drop off the first page and die.
Posted on 6/28/16 at 11:08 am to wickowick
Baltimore sucked arse. And I worked Gary, IN. So yea, CAT work can suck based on where you have to go.
Denver, Raleigh, Savannah, Phoenix, Dallas, and Rochester, NY were probably the best places I worked.
Denver, Raleigh, Savannah, Phoenix, Dallas, and Rochester, NY were probably the best places I worked.
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