Home Scholarships Colleges Careers Articles Calculators Student Loans

Insurance Adjuster Jobs Aberdeen SD

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. They work primarily for property and casualty insurance companies, for whom they handle a wide variety of claims alleging property damage, liability, or bodily injury.

Employment Usa
(605) 226-2116
714 S Main St Ste 1
Aberdeen, SD
 
South Dakota Career Center
(605) 626-2340
420 S Roosevelt St
Aberdeen, SD
 
Cornerstones Career Learning Center -Aberdeen Office
(605) 626-2298
420 South Roosevelt
Aberdeen, SD
 
South Dakota Department Of Labor - Sioux Falls Local Office
(605) 367-5300
811 East 10 Street, Dept. 41
Sioux Falls, SD
 
Right Turn
(605) 773-4755
124 E Dakota Ave
Pierre, SD
 
South Dakota Department Of Labor - Aberdeen Local Office
(605) 626-2340
420 South Roosevelt St.
Aberdeen, SD
 
Aberdeen Area Career Planning Center
(605) 626-2298
420 S Roosevelt St
Aberdeen, SD
 
Machinist Union Dist Lodge 5
(605) 226-1263
617 S 15th St
Aberdeen, SD
 
Carpenters Local 587
(605) 341-7091
922 E Saint Patrick St Ste 3
Rapid City, SD
 
South Dakota Career Center
(605) 626-2340
420 S Roosevelt St
Aberdeen, SD
 

Insurance Adjuster Jobs

Nature of the Work

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. They work primarily for property and casualty insurance companies, for whom they handle a wide variety of claims alleging property damage, liability, or bodily injury. Their main role is to investigate claims, negotiate settlements, and authorize payments to claimants, who are the policyholders who make a claim. They must be mindful not to violate their rights under Federal and State privacy laws. They must determine whether the customer's insurance policy covers the loss and how much of the loss should be paid. Although many adjusters, appraisers, examiners, and investigators have overlapping functions and may even perform the same tasks, the insurance industry generally assigns specific roles to each of these claims workers.

Adjusters plan and schedule the work required to process a claim. They might, for example, handle the claim filed after an automobile accident or after a storm damages a customer's home. Adjusters investigate claims by interviewing the claimant and witnesses, consulting police and hospital records, and inspecting property damage to determine how much the company should pay for the loss. Adjusters may consult with other professionals, such as accountants, architects, construction workers, engineers, lawyers, and physicians, who can offer a more expert evaluation of a claim. 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 claimant and settles the claim. When claims are contested, adjusters will work with attorneys and expert witnesses to defend the insurer's position.

Some large insurance companies centralize claims adjustment in a claims center, where the payout amount is estimated and a check is issued immediately. However, cases handled by independent adjusters, or those involving business losses or homeowner claims, such as hurricane or fire damage, all require a senior adjuster to physically inspect the damage and determine proper compensation.

When it comes to business or residential loss caused by, for example, vandalism or flooding, claimants can opt not to rely on the insurance company's adjuster and may instead choose to hire a public adjuster. Public adjusters are self employed and work in the best interest of the client, rather than the insurance company. In doing so, the adjuster prepares and presents claims to insurance companies, looking to negotiate the best possible settlement for the claimant. Insurance carriers also us...

Click here to read the rest of this article from College Toolkit