Adjuster License and Reasons It Has Become Important

When it comes to insurance and submitting claims, a claims adjuster or insurance adjuster is called in to investigate the claim before paying out.

15:16 20 August 2021

When it comes to insurance and submitting claims, a claims adjuster or insurance adjuster is called in to investigate the claim before paying out. In order for these individuals to be able to diligently process claims, they need to go through a course and pass an exam before they are able to become licensed insurance adjusters. This means that an adjuster license is a certification needed to become a practicing insurance adjuster, and given ongoing global turmoil, this is a skill needed not only in the U.S. but across the globe.

 

Understanding the Role of an Insurance Adjuster

To obtain a Texas adjuster license, there are certain requirements that need to be met. This is due to the fact that the insurance adjuster needs to investigate claims to ensure that no foul play has been involved. They are contracted by insurance companies to ensure that only legitimate claims are paid out.

 

Fraudulent claims as well as claims that fall outside of the scope of the policy can cost insurance companies millions and could take funds away from legitimate claims. This is detrimental to not only the insurance company but the individuals and businesses that have policies with them as well. If funds are directed to illegitimate claims, the insurance company may be left without funds to pay legitimate claims, resulting in both parties involved taking quite a knock.

 

The process involves having an insurance company approach an insurance adjuster to investigate the possible claim. The insurance adjuster then seeks to find a settlement that meets the needs of all involved. This includes identifying what aspects of the claim should be covered by the insurer and what shouldn’t. They also communicate with both parties throughout the process to ensure transparency and fairness.

 

Circling back to the topic of adjuster licenses, each U.S. state has its own insurance regulator that provides the license required to authorized insurance adjusters. The requirements differ from state to state.

 

Becoming an Insurance Adjuster and Obtaining Your License

There is an increase in demand for insurance adjusters, and this may be due to the fact that it is not the typical career path that one thinks of during their schooling years. This industry is booming and there has never been a better time to look into becoming an insurance adjuster.

 

The minimum requirement to become an insurance adjuster is a high school diploma, although an associate's or bachelor's degree is more appealing. Should this requirement be met, the next step would be to study the material needed to pass the exam and receive an adjuster’s license.

 

In some states, there are training hours that need to be completed before the exam. Once insurance adjusters receive their license, they need to continue completing education credits so that they can keep their license. In the state of California, insurance adjusters are required to complete at least 24 hours of continued education in a two-year period. In Florida, insurance adjusters need to complete certain exams and have professional qualifications to be eligible for a license.

 

States That Do Not Require an Adjuster License

While adjuster licenses are a requirement in many states, there are a few exceptions. This includes Missouri, Illinois, New Jersey, Kansas, Maryland, Virginia, Colorado, North Dakota, South Dakota, Iowa, Massachusetts, Nebraska, Ohio, Pennsylvania, Tennessee, and Wisconsin.

 

Why You Should Look into Becoming an Insurance Adjuster

This role is currently in high demand which means that finding a job may be easier than other careers. Additionally, insurance adjusters earn a comfortable living and have stable careers. This career path is also resilient when it comes to changing global conditions as there will always be a need to investigate insurance claims. Depending on where you live, you may need to go through training and examinations to practice. There may also be a requirement for continued learning.

 

Another benefit of being an insurance adjuster is the flexibility that the job offers. You work wherever you are needed, and the scope of work is forever changing. You will investigate claims that range from motor vehicle accidents to hurricane damage and everything in between.

 

Being an insurance adjuster can be an exciting job and will have you on your toes at all times. And should you be an independent insurance adjuster, you can even determine your own rates and income.