Claims Adjuster Job Overview Claims adjusters process insurance claims from policyholders. They're responsible for ...
Claims Adjuster Job Overview
Claims adjusters process insurance claims from policyholders. They're responsible for researching each case to gather all the necessary information. This may involve interviewing witnesses, inspecting property damage, consulting hospital or police records, and speaking with architects, engineers, physicians, lawyers, or construction workers for expert opinions. After evaluating all available information, the claims adjuster will determine whether coverage applies. If it does, the adjuster will issue the appropriate payout. The claims adjuster must also work with attorneys when the insurer's claim is contested to protect their position.
Claims adjuster jobs present new challenges with each case. While many cases involve routine accidents or damages, others can take quite a bit of detective work. From recording data to carefully evaluating information, the claims adjuster is responsible for understanding a great deal of information.
Claims Adjuster Job Education Requirements
Much of what you need to know for claims adjuster jobs can be learned on the job. It's important to have an in-depth understanding of policy coverage and strong research skills, but many applicants can achieve this with only a high school diploma. Claims adjusters working for an auto insurance company will benefit from vocational training or work experience related to automobiles. This will help them understand and identify damage from an accident.
Job seekers who have completed higher education will gain an edge in this profession. In 2006, 76% of claims adjusters had a post-secondary degree or diploma. A degree in business, accounting, engineering, architecture, or law is useful. Previous experience in law enforcement or private investigating will give you an edge as well, since these positions require strong interviewing skills, which transfer well to a claims adjuster job.
Claims Adjuster Job Market
Job prospects for claims adjusters in Canada are good. The number of claims adjusters in the country has increased significantly in recent years due to growth in the damage insurance market. As more people become insured, there's a greater need for claims adjusters to process their claims and make sure they're getting the benefits they pay for. Most job openings are the result of retirees, but some positions open up due to promotions, as previous claims adjusters move on to management positions.
Claims Adjuster Job Salary Information
The average income for a claims adjuster is C$46,316. This is slightly higher than the average in Canada. Nearly 62 percent of professionals in this occupation make between C$20,000 and C$49,999, with an additional 33 percent making C$50,000 and over.