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HIADJUSTER

1 Posts

Posted - 07/02/2003 :  22:06:59  Show Profile
can any one tell me what the standard compensation an adjuster should receive for a CAT assignment?

Russ

USA
75 Posts

Posted - 07/03/2003 :  06:00:20  Show Profile
Most CATS are on a fee schedule. Most Adjusters use the rule: It has to be equal or better than the NFIP schedule.
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ChuckDeaton

USA
373 Posts

Posted - 07/03/2003 :  11:20:55  Show Profile
The NFIP schedule has gotten old and is low.
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DonP

USA
22 Posts

Posted - 07/03/2003 :  13:48:50  Show Profile
You think the Flood Schedule is low, you ought to try the Hartford schedule. Pretty soon we will have to pay the Company to work !!!!!!!!!!!!!!
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Tom Toll

USA
154 Posts

Posted - 07/03/2003 :  21:35:12  Show Profile
Don, I believe we can blame the vendors for bending over to the companies and allowing these low schedules to exist. One cutting the others throat, (and ours) by cutting prices to get the business. It is the adjuster that is getting the business, if you get what I mean.
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hail_razor

USA
6 Posts

Posted - 07/07/2003 :  20:21:58  Show Profile
Tom, you are 100% correct. The fees have been getting lower and lower. Also, it is really up to the adjuster as far as the compensation goes. The "big" money is not out there anymore, however, an efficient and smart adjuster with his/hers priorities set right will feel good at the end of the storm with what was made. But it doesnt end there. After one returns home from a storm they have to rememeber the dry spells that may lie ahead.

CE
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Admin

547 Posts

Posted - 07/07/2003 :  20:50:45  Show Profile
I agree the good storms or big money seem to becoming a rare event. But, I still see some that say that they had a good year. How profitable the adjuster is as you stated Cory mainly depends on how efficient the adjuster is. I used to know adjusters that would turn down “clean-up” because they felt that they would lose a chance at the big one. In the last three or so years I have had less problems filling clean-up slots.

Roy Cupps -
CatAdjuster.org :: Contact\Feedback :: Adjuster Roster :: Current Forum
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Admin

547 Posts

Posted - 07/07/2003 :  21:42:34  Show Profile
Here are some links to more discussions on compensation. please note that in the discussions listed below the posts are in reverse order, newest - oldest.

1)Realistic Day Rates
http://www.catadjuster.org/discus/messages/1/4192.html

2)How Much Are Good Adjusters Worth?
http://www.catadjuster.org/discus/messages/1/3382.html

3) Where is the MONEY? The creation of a Standard Fee Schedule
http://www.catadjuster.org/discus/messages/1/3554.html

Roy Cupps -
CatAdjuster.org :: Contact\Feedback :: Adjuster Roster :: Current Forum
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