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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.
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.
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.
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.
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.
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