What Does a Property Claims Adjuster Do?

There has been a lot of talk about adjusters in the past couple of years, and there are many types of insurance professionals you can encounter. A property claims adjuster is in charge of talking to witnesses, reading police reports, inspecting the damage, and so on. It is an excellent career choice, but it isn’t the easiest one. 

Property Claim Adjusters

Property claim adjusters are people who are in charge of evaluating the insurance claims of their clients. They focus on property-related claims like damage or other potential concerns. 

Some adjusters work from their office, but they are most common in the field. The nature of the job requires them to inspect properties and be in touch with their clients. 

There are a couple of different types of adjusters you can find. Firstly, we have those working for insurance companies. Then, there are public adjusters and independent ones. Each of them has the same job — to determine whether the damage is covered by insurance. Thus, adjusters must have analytic skills and great attention to detail. 

In short, being an adjuster means that you need to assess the situation, gather information from various sources, and interpret available data to determine what kind of solution would be beneficial for all parties. 

What Do They Do?

One of the most important things the property claim adjuster will do is read the loss notice. That is also the starting point for all investigations related to damaged property. For those unaware, the loss refers to the process in which the policyholder informs the insurance company a person has experienced loss. 

In our case, it might refer to damage or any other property problem covered by the insurance. The reason why loss notices are important is that they give all the necessary information to the adjuster. They will know where and when the damage occurred, the type of coverage, personal details like name, address, and other essential information. 

But that isn’t everything adjusters do. They also need to understand the policy, terms, and conditions between two parties. Insurance claims adjusters need to ensure that everything is worded correctly, that the situation is as serious as an insured person claims, and they need to review all documents. 

After that, they will have a meeting to discuss the loss and potential cost of repairs. Of course, the adjuster is not in charge of proving the loss. They only provide assistance and guidance during the process. All of this is just the tip of the iceberg, and the process can get quite complex based on the type and levels of damage, the situation, and other factors. 

How to Become a Claims Adjuster

If you decide to follow this career path, at some point, you will need to determine whether you want to act independently or be a part of the team. Based on the size of the company, a team of adjusters might have offices. Smaller insurers usually don’t have physical locations. 

But regardless of the type of team, firm, or insurance company, each property adjuster has the same job. Both staff and independent positions come with pros and cons, but it doesn’t affect the nature of the job and how insurance companies work. 

Whether you are in it for the money or just love helping people, being an insurance professional is an excellent career choice. Sign up for our excellent online courses. It doesn’t require a college or high school diploma, and all you need to do is pass the exam.