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Last Post 12/21/2007 2:39 PM by  yumadj
Daily claims
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Bobabooey
Member
Member
Posts:140


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12/02/2007 6:59 PM

    I am doing daily claims for a couple of companies, but I am not sure if they are even worth doing.  I find that if I get a few claims, they are hours away from each other.   Then I have supplements on older claims, have to get police reports, fire reports, have to get contents worksheets, have to reopen old claims for whatever reason.   At the end of the week, I have worked 40-50 hours and then get a 2 week check for $800. 

    Do any of you make good money doing daily claims anymore?  I made a decent living doing them a couple of years ago but not anymore for whatever reason.     Someone is getting a great deal from me, I work full time for peanuts.  If there are no storms in the next few months I am going to have to retire from the business.

     

     

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    brighton
    Member
    Member
    Posts:139


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    12/02/2007 9:13 PM
    Your comment that you made decent money a couple of years ago is the key phrase. Before the 04-05 storms, there were maybe half of the licensed adjusters out there and we were a pretty experienced lot. After those two years of storms, so many firms started up and adjuster licenses were issued it is now a feeding frenzy for anything out there. The fees have come down as the carriers know what is going on out there. With so many firms trying for the same piece of the pie, cutting fees for survival is the norm.

    Untill the weeding out of firms and adjusters takes place and the market firms up, look for lower fees. Just like the carriers when they want more of the business, the rates go soft and are a great deal for the customer.

    Can you make decent money doing day work? Yes, provided you are in a state wherer there are a normal number of adjusters and the carriers are not heavily staffed. In states that have adjusters on every street corner looking for work and the carriers are heavily staffed it is extremely hard to make a decent living.
    Rocke Baker
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    moco
    Member
    Member
    Posts:122


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    12/02/2007 10:00 PM
    Posted By Bobabooey Adjuster on 12/02/2007 6:59 PM

    I have worked 40-50 hours and then get a 2 week check for $800. 

     

     

    That is crazy, you could work for Lowes, Home Depot or somewhere else and make this much or maybe a little more. Not to mention save wear and tear on your vehicle. Do you get paid when you turn in to the vendor, or do they pay you when they get paid? I work daily also and at first my checks were small and slim until i had accrued a large volume of turn in's (2-3 months old), and the losses kept coming in, then they got better, but if things slow for 2-3 weeks i will likely be back to chump change. I am not one to quit or give up on anything without making every attempt to make it happen, but i have thought before to myself that maybe i should have kept my old job.

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    JimGary
    Member
    Member
    Posts:470


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    12/02/2007 11:39 PM
    There is a problem we all face, once you list Cat Adjuster on your resume, it is expected that you will run off at the first storm and leave the company looking for someone to take your place, so all you will get is the overflow. At least thats most of what I have found.
    I know the voices aren't real, but sometimes they're right!
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    Ray Hall
    Senior Member
    Senior Member
    Posts:2443


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    12/03/2007 1:27 AM

    All of the persons on this site understands the IA world of cat. adj. and cat. vendor. The other animal is the Local IA firms who may have one office in one city or several to a hundred offices in differant cities. Very few property only adjuster firms are around and most handle auto and casuality  claims as well. The property adjusters work Homeowners and Commercial Claims. If they are cross trained as a true multi-line adjuster the value is greater to the employer.

    The management always try's to have a steady flow of all type claims to keep his employee.s working a 40-50 hour per week. A 200 to 500 claim windstorm is just a blip on their screen as they will assign the regular people this surge and it will be worked out in 2 to 3 weeks, without  outside help.

    The regular IA's will not hire a temp. storm trooper that they do not know personally as they do not trust them to live up to their standards for closed files from prior experience. And why would they want to throw a life ring to a potential problem file by sloppy work.

    You are either one or the other, but your wrong if you think you can be both. Just ask any independant adjusting office in the US. Just remember it may be better next year or no better or even worse.

     

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    Tom Toll
    Moderator & Life Member
    Senior Member
    Senior Member
    Posts:1865


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    12/03/2007 7:15 PM

    We just got back from the Callie fires and had to work a claim today for a vendor. Ray is correct, in that, you  must do quality work, better than your competitors, and have a good relationship with the vendor. We don't get that much work during the year, but enough to put food on the table and a couple of movies. We have picked up two more new vendors and will notify them of our return. Your reputation is your seal of approval. Do your job right, expeditiously, and with professionalism, and you should get work during the non cat times.

    Success is not final, failure is not fatal: it is the courage to continue that counts.
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    yumadj
    Guest
    Guest
    Posts:34


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    12/21/2007 2:39 PM

     

    There are some shady IA vendors out there wanting you to do a random daily claim in a remote area then stiffing you. It happened last year when I worked a hail claim in Prescott in February. I called the insurer, after several attempts to collect my fee, and they confirmed the claim and service invoice  were paid. I went back  to IASC, and they blew me off. I have another brewing with a vendor for 3 claims, it's been months...and nothing.  I will post their identity, if I don't receive compensation within the next couple of months.

    Also, a lot of vendors are advertising for daily claim adjusters when they are actually just trying to fill a CAT roster.  So they waste your time with all the paperwork and you never see anything.

    I have been pretty comfortable with an existing client for several years for local unstaffed work. It can be fairly lucrative if you get in with a direct carrier. But be careful of the IA Vendors, especially if they expect you to travel.

     

    Jeff Finley

     

     

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