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The differences between claims 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 a claims adjuster and a property adjuster. Additionally, a property adjuster has an average salary of $54,661, which is higher than the $51,116 average annual salary of a claims adjuster.
The top three skills for a claims adjuster include insurance carriers, auto claims and customer service. The most important skills for a property adjuster are customer service, xactimate, and claims handling.
| Claims Adjuster | Property Adjuster | |
| Yearly salary | $51,116 | $54,661 |
| Hourly rate | $24.57 | $26.28 |
| Growth rate | -6% | -6% |
| Number of jobs | 13,221 | 12,286 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A claim's adjuster is responsible for the handling of the insurance claims and investigating the extent of property damage and processing the business or a person's liability. Claims adjusters have a broad range of duties such as damage inspection to evaluate incident reports, communicating with property owners and spectators as well as referring to legal documents. They must also have excellent analytical and critical-thinking skills to calculate payments and analyze the complexities of multiple sources. Claims adjusters should also provide timely reports for reference and possible disputes.
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.
Claims adjusters and property adjusters have different pay scales, as shown below.
| Claims Adjuster | Property Adjuster | |
| Average salary | $51,116 | $54,661 |
| Salary range | Between $40,000 And $64,000 | Between $39,000 And $76,000 |
| Highest paying City | Los Angeles, CA | San Francisco, CA |
| Highest paying state | New Jersey | Alaska |
| Best paying company | Merchants Insurance Group | The Hanover Insurance Group |
| Best paying industry | Insurance | Insurance |
There are a few differences between a claims adjuster and a property adjuster in terms of educational background:
| Claims Adjuster | Property Adjuster | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between claims adjusters' and property adjusters' demographics:
| Claims Adjuster | Property Adjuster | |
| Average age | 44 | 44 |
| Gender ratio | Male, 45.1% Female, 54.9% | Male, 67.6% Female, 32.4% |
| Race ratio | Black or African American, 11.8% Unknown, 4.4% Hispanic or Latino, 16.8% Asian, 5.2% White, 61.2% 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% |