What isproperty and casualty claims adjusting?

Answer 1

What is the qickest way to prepare for a job interniew involving property and casualty insurance? I really need to know exactly what is P&C and how it is investigated.

What is property and casualty claims adjusting?

An insurance claims adjuster is hired by an insurance company, independent insurance adjusting agency or the policy holder to settle property and casualty damages or loss.

A good example of property and casualty claims adjusting would be hurricane Catrina. Thousands of homes, cars, and valuables were damaged and lost. In order to help home insurance policy holders rebuild their homes, insurance companies send in the insurance claims adjusters to settle how much damage occurred and decide how much money will be required by a policy holder to cover the damages.

Many times insurance companies prefer to contract independent insurance adjusters to ward off any suspicions that the insurance company may have a hand in having the adjuster estimate the loss to be a lot less than it actually might be.

If the settlement leads to a dispute, a policy holder may hire a private insurance adjuster to re-evaluate the initial claims assessment done by an independent insurance adjuster or one who is an employee of the policy holders insurance company.

What is the fastest way to get an insurance property and casualty claims adjusting job?

Take an online insurance claims adjuster training course and exam with an approved provider in your state. The online exam which is followed by the course, will save you time from waiting to schedule the state exam and appear for it.

Once you have taken the online adjuster license course and exam, your credits will be reported by the provider to the Texas Department of Insurance and you will be free to find a job in your state.

The good thing with Insurance property and casualty claims adjusting is that you can go from state to state and there are no limits to how many claims you can adjust as long as you satisfy the state licensing requirements. Example, the Texas Insurance Claims Adjuster License will allow you to work in about 30 states apart from Texas because of it's licensing standards.

You can start applying to insurance companies, independent insurance adjuster agencies or become a private insurance adjuster.