Individuals and businesses purchase insurance policies to protect against monetary losses. In the event of a loss, policyholders submit claims or requests for payment, seeking compensation for their loss. Adjusters, appraisers, examiners, and investigators deal with those claims. Their main role is to:
By interviewing the policyholder and inspecting property damage the adjuster can determine how much money the company should pay for the loss.
The information gathered—including photographs and statements, either written, or recorded audio or video—is set down in a report that is then used to evaluate the claim.
When the policyholder’s claim is approved, the claims adjuster negotiates with the policyholder and settles the claim.
Catastrophe Adjusters or CAT Adjusters are a particular breed of insurance adjuster.
They typically work six to nine months a year from March to November throughout the storm season.
They assess damages in a particular area and then move on to the next storm location.
They work long hours and usually 7 days a week throughout the season.
A catastrophe adjuster can easily gross $100,000.00 or more in a season.
For decades the CAT industry has been a fairly closed “good ole boy” network where a CAT adjuster may train his friends or family and helps bring them into the business. Rarely does someone see a catastrophe on TV and think they want to go there and make money. It is for this reason that Veteran Adjusting School was created.
Learn more about CAT adjusting in our eBook Catastrophic Insurance Adjusting – Making it Your Career written by our co-founder, managing director and master adjuster Guy Grand.
If you were told you could make $450 to $1,500 a day working as an independent CAT adjuster you might think we are trying to sell you something. Unbelievable? No! The reality is this – every year independent claims adjusters make tens of thousands of dollars in very short periods of time working catastrophic insurance claims.
As a CAT adjuster you will be directly helping people traumatized by a natural disaster. A first responder of sorts, your responsibility is to help families to get their lives back in order. There’s no better feeling than knowing you just helped someone in their time of need.
A job in catastrophe claims adjusting is recession proof. The United States has more natural disasters every year than any other country. Winter storms, spring tornados and hailstorms, wildfires and hurricanes, USA has it all. Never mind global warming, USA has always had a wide variety of storms all year long.
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