I got a job offer with an insurance company. This is my first job offer, so I am not sure if I should accept it. Is this job well-paid or not? I kinda have an idea what I should do, but is it worth it?
2006-11-03 09:40:56 · 8 answers · asked by sweetundina 4 in Business & Finance ➔ Insurance
it really depends on what line of business you're in. i was an auto adjuster for 6 months and i really don't know if i would ever do it again. as it was said, people get really crazy, many people think insurance should just be an open checkbook and they should get paid whatever they say. an insurance company's job is to pay what is legally obligated to pay, no more, no less. when you pay a premium, what you are doing is paying a contract for the company to absorb some of your legal obligations. i've worked in worker's comp and am now in property. all have been business lines, and so i can't speak on what personal lines would be like. as someone said, it's a great leg-in to the insurance industry if you are after it and there is always a demand for adjuster's in all lines of business. just don't make the mistake of thinking it will be a breeze job. very few people are happy when they have to file a claim and as you can see, many people think you are out to stiff them. you will deal with that kind of attitude daily. if you have the personality to deal with that, go for it. just make sure you are compensated appropriately and make sure you get proper training. you don't want to go in unaware.
2006-11-04 08:50:53 · answer #1 · answered by Infinity606 3 · 0⤊ 0⤋
Obviously some of the answer you received are from people who have a preconception or inaccurate picture of how insurance work. Many people forget that insurance isn't charity or hitting the jackpot. The former adjuster's answer gives a good description. Expect to deal with rude and pushy customers but if you have the personality and skills you can rise above it. Insurance companies will pay what is owed under the policy. No more and no less. That is what the company expects of you as well as follow the local laws and code of ethics. The benefits can be great and worth the abuse you sometimes will encounter. On the other hand you'll have claims where people are well compensated beyond their expectations and surprised. I've settled claims involving college funds, new car replacements, trust funds, etc. If your not satisfied with the job, the experience will be a great add on to your resume.
2006-11-04 07:26:47 · answer #2 · answered by jmnllc 1 · 1⤊ 0⤋
Entry level claims adjusting is NOT well paid, but it's often a "leg in" to the insurance industry.
Personally, you couldn't pay me ENOUGH to be a claims adjuster. The people you deal with are ALWAYS upset, and about 1/3 of them are trying to cheat the insurance company. They get abusive very easily. It's HARD work!!
2006-11-04 00:47:43 · answer #3 · answered by Anonymous 7 · 1⤊ 0⤋
I was an auto injury claims adj for years and we did very little paperwork but that may vary depending on what line of claims you are in. I would not say my job was clerical at all in fact it was very complex - training was 8 weeks long. I would meet with injured people, guide them through the claims process, evaluate their claim by reviewing their medical records and offer/negotiate settlement. If I was unable to settle the claim I would work closely with the claimants attorney and our attorney if suit was filed. I was responsible for documenting my file, investigating liability on accidents, submitting authority requests to management (if claim above my authority level), evaluating policy disputes, determining if coverage existed and composing correspondence related to all of the above. We had a clerical staff that would mail and file documents accordingly. I felt that I made good money. I had good benefits and a company car. I was able to work from home. I also felt that I had job stability as there will always be auto accidents. I enjoyed the work (I only quit to stay at home with daughter). Hope this helps.
2006-11-03 11:57:50 · answer #4 · answered by mamatohaley+1 4 · 1⤊ 0⤋
Basically you do the paperwork required for an insured to collect on an insurance claim. You make sure all the paperwork is in order, and verify that the insurance company is really on the hook for those claims.
If you like office clerical work then you'll love this job.
2006-11-03 09:43:15 · answer #5 · answered by geek49203 6 · 0⤊ 1⤋
Other than the paper work you will have to be crative in looking u information that the client might have missed or thought are not important to the file. Well paid or not? Depends on your qualifications and expectancy. Accept it only if you don't have great offers.
2006-11-03 09:52:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
He figures out how much you have lost and then gets the paperwork rolling for you to get compensated for your losses. He works in the interests of the insurance company and his Number One job is to pay you as little as possible.
2006-11-03 11:00:43 · answer #7 · answered by christopher s 5 · 0⤊ 1⤋
Try to find ways to not pay out more than they have to.
2006-11-04 02:20:40 · answer #8 · answered by Pat B 3 · 0⤊ 1⤋