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Property claims adjuster vs compensation adjuster

The differences between property claims adjusters and compensation 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 property claims adjuster and a compensation adjuster. Additionally, a compensation adjuster has an average salary of $59,246, which is higher than the $54,520 average annual salary of a property claims adjuster.

The top three skills for a property claims adjuster include customer service, claims handling and xactimate. The most important skills for a compensation adjuster are litigation, workers compensation claims, and medical treatment.

Property claims adjuster vs compensation adjuster overview

Property Claims AdjusterCompensation Adjuster
Yearly salary$54,520$59,246
Hourly rate$26.21$28.48
Growth rate-6%-6%
Number of jobs16,95715,062
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 58%
Average age4444
Years of experience44

Property claims adjuster vs compensation adjuster salary

Property claims adjusters and compensation adjusters have different pay scales, as shown below.

Property Claims AdjusterCompensation Adjuster
Average salary$54,520$59,246
Salary rangeBetween $39,000 And $74,000Between $39,000 And $89,000
Highest paying CityTrenton, NJ-
Highest paying stateNew Jersey-
Best paying companyEMC Insurance-
Best paying industryInsurance-

Differences between property claims adjuster and compensation adjuster education

There are a few differences between a property claims adjuster and a compensation adjuster in terms of educational background:

Property Claims AdjusterCompensation Adjuster
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Property claims adjuster vs compensation adjuster demographics

Here are the differences between property claims adjusters' and compensation adjusters' demographics:

Property Claims AdjusterCompensation Adjuster
Average age4444
Gender ratioMale, 59.2% Female, 40.8%Male, 23.6% Female, 76.4%
Race ratioBlack or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.3% American Indian and Alaska Native, 0.5%Black or African American, 12.1% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 61.4% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between property claims adjuster and compensation adjuster duties and responsibilities

Property claims adjuster example responsibilities.

  • Manage file inventory by utilizing CCC pathways diary system documenting claim file activities in accordance with establish procedures
  • Offer diligent investigations and evaluation of commercial and third party liability claims, investigative and litigation management.
  • Represent the insurance company in an arbitration settlement in NYC.
  • Write denial letters, reservations of rights letters, and other complex correspondence.
  • Recognize potentially fraudulent claims, utilizes SIU and other sources as needed, consults with management.
  • Negotiate with attorneys, order police reports, assist with the SIU department for possible fraud claims.
  • Show more

Compensation adjuster example responsibilities.

  • Manage litigation claims including mediation and arbitration from inception to close.
  • Apply strong customer service, organizational and multitasking skills to efficiently manage auto insurance claims.
  • Compile and validate information relay to legal department for litigation arising from medical claims.
  • Research and review delinquent mortgage cases, financial scenarios and individual homeowner situations to develop solutions compliant with investor policy.
  • Close files once MMI and/or settlement reach
  • Input new CPT codes into system as changed by HIPPA law regulations.
  • Show more

Property claims adjuster vs compensation adjuster skills

Common property claims adjuster skills
  • Customer Service, 34%
  • Claims Handling, 11%
  • Xactimate, 8%
  • Strong Customer Service, 5%
  • Damage Estimates, 5%
  • Policy Coverage, 3%
Common compensation adjuster skills
  • Litigation, 16%
  • Workers Compensation Claims, 11%
  • Medical Treatment, 7%
  • Medical Terminology, 7%
  • Disability Claims, 5%
  • Medical Bills, 5%

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