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MONEY - 8/2/2005 10:24:28 PM
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jcope1
Posts: 2
Joined: 8/29/2004
Status: offline
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I am a licensed adjuster in Texas for the past couple of years, but have not done any adjusting yet. What type of money can an average person expect to make on cat assignments ? I know it depends on a lot of things, but what is a range, an average pay for the adjuster per house, and how many can you do in a day ?
Thanks
John Cope
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RE: MONEY - 8/3/2005 1:06:35 AM
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Doug
Posts: 102
Joined: 8/18/2004
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Whew -- there is a lot of latitude in that question. It also depends on the storm. In a hailstorm environment where you are doing claims reasonably close together-- you may be able to handle 7-8 claims a day. And that means keeping up with the closing paperwork, too. If you are doing strictly big high, steep roofs and meeting roofers,(Plano?) 5 would be a good goal. Pay schedules are all sliding scale. I think $1000 a day is realistic if you have the claims volume, and assuming you are working smaller claims. A hail storm or small wind assignment can be over in two weeks if you are busting your butt. If i was a brand new adjuster, i would feel good if i received 50 - 60 claims and made 8 - 10 grand at a small wind event that lasted 2-3 weeks.
Hurricane assignments are a double edged sword for new adjusters. It can be a way to get your foot in the door and get a lot of claims handed to you, but the pressure and stress can get to you pretty fast, and if you cant produce- the vendors pull claims and reassign. . Most vendors in a 'cane situation would like their adjusters to have some CAt experience, but last year - a lot of adjusters cut their teeth in Florida -- with mixed results. Hurricane claims are generally bigger and/or more complex than hail claims, .
People are rarely displaced from their homes in a hail or small wind event. People are usually irritated by hail, but they can be traumatized by hurricane damage. So while you are teaching yourself the "ropes" of adjusting, you have to act as the figurehead for the company you represent, perform the physical aspect of your job well(measuring, scoping, photographing) , be a good listener and an occasional amateur grief counselor, all while juggling 50 phone calls a day from other impatient insured's. -- How many claims you can do in a day depends on how well you can get to the affected area, (i had to take a boat to several claims last year), the severity of the claim , roughly determined at your initial contact with the insured, and the size of the property affected. I would say 4-5 residential claims a day would be a very good goal if you are new, in that situation.
How many claims you are assigned really depends on your vendor and how they are staffed. I was an experienced adjuster, but even so, I changed vendors after Charlie hit last year -- they gave me 50 claims to start, but with the stipulation that i turn in 10 for review within 5 days so they could check the quality of my work. This is pretty standard. After the initial 50 were done, i received much more.
If you do an outstanding job and make a good impression, you might stay in the area for months and work hundreds of claims.
I'd say setting a goal of 75-100 claims is realistic and if you get that many, you should make at least 30 grand, give or take a bit. If you make that much, you will probably incur $10 grand or so in expenses. You can do this in a month , or a month and a half maybe. I personally averaged about $380 a claim last season -- this included plenty of denials, smaller claims(under $10 g), and my fair share of big claims (max, $600,000), $380 x 4 claims a day is 1520$ -- its hard to do field work 7 days a week, though and still keep up with the paperwork, so i would suggest taking 1-2 days a week strictly for PW.
To make this money, i had to personally finance my first 6 weeks on-site out of my savings, dodge 3 additional storms, pay exorbitant and sometimes criminal motel fees, bounced a $500 camera off a 3 story roof, paid at least $500 to the FL turnpike system, used more printer cartridges than i can count, plus spent 6 months away from my family, and this is just scratching the surface.
Stay focused, return your phone calls, keep your examiner happy, and you will do well. But in this profession, there is no easy money. Even if you punch out with low 6 figures, you will still feel like you earned every penny of it. Its a good feeling.
< Message edited by Doug -- 8/3/2005 1:13:57 AM >
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RE: MONEY - 8/10/2005 1:01:09 AM
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joeadjustersc
Posts: 1
Joined: 8/10/2005
Status: offline
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quote:
d say 4-5 residential claims a day would be a very good goal if you are new, in that situation.
How many claims you are assigned really depends on your vendor and how they are staffed. I was an experienced adjuster, but even so, I changed vendors after Charlie hit last year -- they gave me 50 claims to start, but with the stipulation that i turn in 10 for review within 5 days so they could check the quality of my work. This is pretty standard. After the initial 50 were done, i received much more.
If you do an outstanding job and make a good impression, you might stay in the area for months and work hundreds of claims.
I'd say setting a goal of 75-100 claims is realistic and if you get that many, you should make at least 30 grand, give or take a bit. If you make that much, you will probably incur $10 grand or so in expenses. You can do this in a month , or a month and a half maybe. I personally averaged about $380 a claim last season -- this included plenty of denials, smaller claims(under $10 g), and my fair share of big claims (max, $600,000), $380 x 4 claims a day is 1520$ -- its hard to do field work 7 days a week, though and still keep up with the paperwork, so i would suggest taking 1-2 days a week strictly for PW.
To make this money, i had to personally finance my first 6 weeks on-site out of my savings, dodge 3 additional storms, pay exorbitant and sometimes criminal motel fees, bounced a $500 camera off a 3 story roof, paid at least $500 to the FL turnpike system, used more printer cartridges than i can count, plus spent 6 months away from my family, and this is just scratching the surface.
Stay focused, return your phone calls, keep your examiner happy, and you will do well. But in this profession, there is no easy money. Even if you punch out with low 6 figures, you will still feel like you earned every penny of it. Its a good feeling.
I was coming on here to post and get info regarding pay and I read what you wrote. Thank you for the information, it was of great help. My problem now is getting hooked up with someone to be assigned claims...since I have no experience other than some "fixing up my home experience" and selling real estate. Being a former Asst. Principal this seven day a week stuff is nothing new, and now the more I work, the more I make. That is great incentive. I guess another question I would have is: What do you recommend a person take along with him if he is to go to a CAT...type of ride, water, clothing, etc. Any help you can provide would be great....to this Newbee
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RE: MONEY - 8/10/2005 1:52:03 AM
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RBECKINTEXAS
Posts: 26
Joined: 4/19/2004
Home base: , TEXAS
Status: offline
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John, You said you have been a licensed adjuster for years, but you havn't worked yet. Last year, they were pulling people off the streets to work hurricane claims. I do not know your situation, but if you are wanting to go work, call a large vending firm such as Pilot. They will probably deploy you after a large hurricane.
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RE: MONEY - 8/10/2005 7:51:30 AM
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Streetraces
Posts: 55
Joined: 4/19/2004
Status: offline
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If you are interested at being a successful adjuster I would say spend at least a couple of weeks working with an experienced adjuster. Most adjusters will pay you to help them, and in exchange you can learn alot about how to be a productive adjuster.
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Staff Homeowne/Commercial Adjuster - 8/24/2006 5:02:30 PM
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tony_montez
Posts: 1
Joined: 8/23/2006
Status: offline
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I am seeking to speak or chat with a licensed personal property and / or commerical property adjuster who is employed with State Farm, GEICO, Progressive, Ensurance, Citizen, Allstate, Allianz, USAA or any other carrier in the State of Florida, particularly in Tampa, Saint Petersburg, Sarasota, Kissimmee, Clearwater, Manatee, etc surroundings. Please help. Your reply is important. You may also reach me at 813-917-6199 or email me at tony_montez@yahoo.com
_____________________________
Antony Montes
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RE: Staff Homeowne/Commercial Adjuster - 8/24/2006 10:03:44 PM
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trader
Posts: 1200
Joined: 4/19/2004
Home base: Houston, TX
Status: offline
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Are you a lawyer ?
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RE: Staff Homeowne/Commercial Adjuster - 8/24/2006 10:39:02 PM
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heretodaygonetomorro
Posts: 30
Joined: 8/18/2006
Status: offline
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The phone # is a Nextel cellphone...looking for info on muliple carriers... in Florida...???
Think you hit it on the head, Trader!
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RE: Staff Homeowne/Commercial Adjuster - 8/24/2006 10:42:19 PM
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margar
Posts: 237
Joined: 3/18/2006
Home base: Benton, KY
Status: offline
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Trader
He sounds like a lawyer
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RE: Staff Homeowne/Commercial Adjuster - 8/24/2006 10:42:32 PM
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Fishhead
Posts: 46
Joined: 7/28/2006
Status: offline
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He's a PA
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RE: Staff Homeowne/Commercial Adjuster - 8/24/2006 10:50:48 PM
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gordon1
Posts: 88
Joined: 9/16/2004
Status: offline
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If you are new, get out while you can. There are lot better ways to make money. It is no where as easy as people make it sound. RUN FOR THE HILLS !!!!
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RE: Staff Homeowne/Commercial Adjuster - 8/25/2006 8:10:10 AM
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brighton
Posts: 39
Joined: 6/10/2005
Status: offline
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Fishhead is right on the money. This guy is a pa. The website he uses is FEPA (knock off of FEMA and it looks like a govt site as well). Name of the company is florida emergency public adjusters. Even the "FEPA" links take you to FEMA, Homeland Security, ect.
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RE: Staff Homeowne/Commercial Adjuster - 8/25/2006 8:24:50 AM
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misty
Posts: 5
Joined: 8/13/2006
Status: offline
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This guy is a PA, and his wsebsite is www.fepa.us. Amazing how close the website looks like a governement site, which even has government links attached.
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RE: MONEY - 9/8/2006 1:01:30 AM
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FSUman01362
Posts: 4
Joined: 9/8/2006
Home base: denton tx
Status: offline
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quote:
ORIGINAL: Streetraces
If you are interested at being a successful adjuster I would say spend at least a couple of weeks working with an experienced adjuster. Most adjusters will pay you to help them, and in exchange you can learn alot about how to be a productive adjuster.
How would you get in touch with an adjuster to do that? I have some remodeling experience and light const but no adjusting exp yet. I wouldnt mind starting off working for someone else to get started. Any idea on what they will pay?
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RE: MONEY - 9/8/2006 9:54:25 PM
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brighton
Posts: 39
Joined: 6/10/2005
Status: offline
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fsuman
take off the hidden e-mail off and put in your e-mail address. it is possible some of the posters here will send you their thoughts. as has been mentioned previously, mentioning any type of pay in open post is not wise
< Message edited by brighton -- 9/9/2006 9:22:01 AM >
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RE: MONEY - 9/8/2006 11:17:23 PM
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gordon1
Posts: 88
Joined: 9/16/2004
Status: offline
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How do you other adjusters feel about this statement " They aren't paying us enough"? Please do not give specific money details, but your feelings on this statement & why?
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