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The differences between adjusters and property adjusters can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an adjuster and a property adjuster. Additionally, a property adjuster has an average salary of $54,661, which is higher than the $49,396 average annual salary of an adjuster.
The top three skills for an adjuster include customer service, strong customer service and litigation. The most important skills for a property adjuster are customer service, xactimate, and claims handling.
| Adjuster | Property Adjuster | |
| Yearly salary | $49,396 | $54,661 |
| Hourly rate | $23.75 | $26.28 |
| Growth rate | -6% | -6% |
| Number of jobs | 7,936 | 12,286 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
An adjuster is responsible for evaluating the extent of loss in the company by calculating the damage costs, determining the settlement payment to the client, and managing the reputation of the company for claims accountability. Adjusters must have extensive knowledge of the insurance principles and processes, following the state and federal regulations to protect clients and the business from insurance fraud. They collect documents from different organizations, perform field research, and interview witnesses to verify the accuracy of claims statement.
Typically working for insurance companies, a property adjuster specializes in inspecting property damages to assess and determine a company's financial obligations. Their responsibilities revolve around reaching out to clients through calls and correspondence, arranging appointments, gathering and verifying data, and traveling to different locations to meet with clients. They may also negotiate settlements and authorize payments in adherence to the company's policies and regulations. Furthermore, as a property adjuster, it is essential to have a deep understanding of property costs to ensure the accuracy of claims.
Adjusters and property adjusters have different pay scales, as shown below.
| Adjuster | Property Adjuster | |
| Average salary | $49,396 | $54,661 |
| Salary range | Between $35,000 And $68,000 | Between $39,000 And $76,000 |
| Highest paying City | Parsippany-Troy Hills, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Alaska |
| Best paying company | FCCI | The Hanover Insurance Group |
| Best paying industry | Insurance | Insurance |
There are a few differences between an adjuster and a property adjuster in terms of educational background:
| Adjuster | Property Adjuster | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between adjusters' and property adjusters' demographics:
| Adjuster | Property Adjuster | |
| Average age | 44 | 44 |
| Gender ratio | Male, 56.9% Female, 43.1% | Male, 67.6% Female, 32.4% |
| Race ratio | Black or African American, 12.2% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 61.4% American Indian and Alaska Native, 0.5% | Black or African American, 12.4% Unknown, 4.4% Hispanic or Latino, 16.6% Asian, 5.2% White, 60.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |