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Old 04-24-2019, 07:53 PM
 
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Has anyone ever worked as an Independent Insurance Adjustor - particularly working disaster claims. If so, what kind of money did you make? My husband & I hear it is good money but we want to be sure before we start pursuing licenses, etc.
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Old 04-24-2019, 10:29 PM
 
Location: Caverns measureless to man...
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Quote:
Originally Posted by Texas Tarheel View Post
Has anyone ever worked as an Independent Insurance Adjustor - particularly working disaster claims. If so, what kind of money did you make? My husband & I hear it is good money but we want to be sure before we start pursuing licenses, etc.
I know people who do that. Like a lot of professions, some people make pretty good money, some people barely get by, and most people fall somewhere in between - making a living, but not really getting rich at it. Where you fit into the scale depends largely on your experience level. You're not likely to make much at it unless you already have a lot of experience as a claims adjuster or a contractor, but if you had that experience, you probably wouldn't need to be asking us. What interests you about it?
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Old 04-25-2019, 09:28 AM
 
Location: DFW
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I just wrote 2 policies for 2 different independent adjusters (I am an underwriter). One guy does personal insurance claims, mostly property, and makes well over $100k. The other guy does commercial auto, but there are two people that do adjusting, making a combined well over $300k. Both are in Texas, as you are, I assume.
By the way, you'll have to have professional liability and general liability as well as auto coverage. The PL/GL policy will be upwards of $4000 per year and the auto, depending on what you drive and where, about $1500-2500.

Good Luck!
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Old 04-25-2019, 09:32 AM
 
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From what I understand, it can earn "big" money. But it requires a lot of travel time and a lot of hours working. I know a couple who was doing it together, but their marriage ended in divorce because the husband spent so much time on the road, which he elected to do as opposed to spending time with his family.
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Old 04-25-2019, 09:52 AM
 
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There can be very good money in CAT work, but you'll likely not get that job until you have actual claims experience.

The jobs that pay well are the ones that you sacrifice a LOT of time and energy into.
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