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The differences between insurance appraisers and claim processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an insurance appraiser, becoming a claim processor takes usually requires 4-6 years. Additionally, an insurance appraiser has an average salary of $53,229, which is higher than the $41,201 average annual salary of a claim processor.
The top three skills for an insurance appraiser include windows, CCC and insurance appraisals. The most important skills for a claim processor are customer service, data entry, and medical terminology.
| Insurance Appraiser | Claim Processor | |
| Yearly salary | $53,229 | $41,201 |
| Hourly rate | $25.59 | $19.81 |
| Growth rate | -6% | -6% |
| Number of jobs | 34,724 | 11,542 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 43% |
| Average age | 44 | 44 |
| Years of experience | 4 | 6 |
An appraiser is responsible for assessing a client's personal property, such as homes, cars, or jewelry. They provide an impartial and unbiased judgment about the property's value, assisting clients who wish to buy, sell, manage, and invest money. Usually, they work with an adjuster and conduct repairs or replacements of products.
A Claims Processor is responsible for processing and verifying insurance claims, in adherence to the policies, laws, and regulations of the company involved. Aside from examining its authenticity, they must also oversee new policies and recommend modifications should it be needed. Moreover, it is also the task of the Claims Processor to prepare the necessary documents and guidelines for the policyholder, process reimbursements upon approval, provide answers to inquiries, and report issues and updates to the management.
Insurance appraisers and claim processors have different pay scales, as shown below.
| Insurance Appraiser | Claim Processor | |
| Average salary | $53,229 | $41,201 |
| Salary range | Between $37,000 And $74,000 | Between $26,000 And $62,000 |
| Highest paying City | - | Columbia, MD |
| Highest paying state | - | Connecticut |
| Best paying company | - | NTT Data International L.L.C. |
| Best paying industry | - | Insurance |
There are a few differences between an insurance appraiser and a claim processor in terms of educational background:
| Insurance Appraiser | Claim Processor | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 43% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between insurance appraisers' and claim processors' demographics:
| Insurance Appraiser | Claim Processor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 79.0% Female, 21.0% | Male, 22.9% Female, 77.1% |
| Race ratio | Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 15.9% Asian, 5.6% White, 62.2% American Indian and Alaska Native, 0.5% | Black or African American, 11.2% Unknown, 4.4% Hispanic or Latino, 16.7% Asian, 5.2% White, 62.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |