WHAT IS A CAT
ADJUSTER?
CAT adjusters are Catastrophe adjusters (CAT is short for Catastrophe) –
unlike staff adjusters who are employees of a single insurance company,
Cat Adjusters are typically independent contractors who are able to work
for a number of different insurance companies and/or independent
adjusting firms and are called out when a catastrophic loss exceeds the
insurance carriers ability to handle the claims in a timely manner using
only their staff adjusters. In general, all claim adjusters take care of
the part of insurance that customers really care about – getting paid
when they have a claim. Many people come into CAT adjusting from a
construction, remodeling, or contracting background. These are excellent
backgrounds for CAT adjusting, however, if you have a construction /
contracting background; beware. We have seen many of these fail as CAT
adjusters because they do not understand the difference between writing
an adjusters estimate and a contractor's estimate. That is why insurance
adjusting training is so crucial. Many people enter into a career as a
Cat adjuster by being referred into the career by an existing Cat
adjuster, or from someone who has heard that the career is a lucrative
one. A career as a Cat adjuster can be quite profitable if you are
willing to do what it takes to become a well-trained, experienced
professional.
THE BENEFITS OF A CAT
ADJUSTER ARE:
1 |
We get to help people at
their point of need |
2 |
Extraordinary income
potential - professionals in the field typically make between
$20-50K a month |
3 |
Most CAT adjusters work
about 3-4 months out of the year |
4 |
Tax benefits of being an
Independent Contractor |
5 |
Be your own boss |
6 |
Flexible schedule
(significant off-season) |
To
read more about what is required to succeed as a Cat
adjuster, see WHAT IS
TAKES TO SUCCEED
|