Types of Claims for Insurance Adjusters

Chances are, you have heard of many different types of insurance adjusters. Auto, property, catastrophe; just to name a few. If you’re thinking about pursuing a career in adjusting, you might be wondering how all these different types of claims figure into your day-to-day work as an adjuster. Do you have to pick just one? Can you do it all? How does licensing figure into it? These different types of claims break down loosely into two categories: catastrophe and daily claims. Here is a breakdown of how these different types of claims figure into the life of an insurance adjuster.

Catastrophe Claims Adjusting

Most people are familiar with what catastrophe claims adjusters do. This is especially true if they live in an area that is impacted by natural disasters. These types of claims happen when a disaster has caused damage in a certain area. Examples of these disasters are hurricane, wildfire, earthquake, tornado, or flood. After the immediate danger has passed, insurance companies send armies of adjusters to help people start assessing the damage and filing insurance claims. 

These types of claims differ from daily claims in that they are based around a specific event. Because of this, the work is variable. Adjusters may be extremely busy during storm seasons, but have very little work in the off seasons. Some adjusters like this variable workflow because it gives them a great deal of flexibility during the parts of the year that are not busy with storms. These also tend to be very high paying claims, so many adjusters like that they can make enough money to live on during those off seasons by working very hard and very long hours for a few months.

Daily Claims Adjusting

Daily claims are the types of insurance claims that occur in day-to-day life. These are things like auto accidents and property damages like burst pipes. 

Daily claims are by far the best source of steady income for insurance adjusters. These are located in your geographical area and take very little time to complete. These types of claims typically pay less than the large catastrophe claims, but since they are smaller and take less time, you can do more of them. 

When pursued as full time work, these types of claims are great for adjusters who are looking for steady income with very little travel. 

Striking a Balance

When you pursue a career in insurance adjusting and you get a license, it is typically an “all lines” license. This means that you are licensed to adjust all types of claims. So there is no need to specialize in any one particular type of claim. However, many adjusters choose to specialize to fit the lifestyle they want. Many adjusters work on a combination of catastrophic and daily claims to meet their income goals and maintain the kind of flexibility that they want. 

It Starts With Training

No matter how you want to develop your career as an adjuster, the first thing you need is quality training. At 2021 Training, we specialize in creating high quality courses for Texas students who are starting a career in claims adjusting. Our founder and instructors are experienced professionals who can give you the knowledge and skills you need to succeed. Take a look at our catalog and get started right away.