Pursuing Auto Body Estimator Training? A Glance at an Insurance Adjustor Career Path
August 26, 2016
Being trained in a specific field does not necessarily mean that you only have one possible career path upon graduation. Many people assume that your career path is dictated by the title of your degree or diploma, but they are making the mistake of ignoring every career path that is related and thus still possible for graduates. On top of that, many of these career paths offer strong job prospects as well as a host of other positive elements, making them very enticing options post graduation.
An example of this would be the insurance adjustor career path for students who are pursuing auto body and/or collision estimator training. If you’re interested in this kind of training, then it’s a good idea to read on and learn some of the main points of an insurance adjusting career.
1. Students With Auto Body Estimator Training Know What an Insurance Adjustor Does
If you’re a student, the first thing to know about an insurance adjusting career is what exactly the job entails and what responsibilities come along with it.
So, what does an insurance adjustor do? An insurance adjustor takes a look at damage to the car in order to assess how much money it would take to fix. Following that, they submit that report to the insurance company in order to determine how much the company should pay for the repairs. In some cases, insurance adjustors may report that the damage is so extensive that the car should be ‘written off.’ In other words, the cost of repairs exceeds the car’s value. In a case like this, the insurance company writes a check to the policyholder for the total value of the car.
2. Future Insurance Adjustors Have the Option to Work Independently or for a Company
Any graduate with auto body estimator training who is considering insurance adjusting as a potential career path should know that they have multiple types of employment available to them. The first (and most obvious) is to work for an insurance company, assessing car damage and submitting your reports to the company so that they can determine the final value of the compensation for the policyholder.
Another potential option is to work independently, which means either in a self-employed capacity or as part of an insurance claims agency. These specific agencies receive contracts for work from insurance companies and then the work is picked up by these independent adjustors. This type of work can bring financial benefits that working for an insurance company won’t, as you’d be paid like a contractor instead of an employee.
3. Collision Estimators Can Find Good Job Prospects as an Insurance Adjustor
Whether you study to be an auto body estimator or a collision estimator, the insurance adjustor path is an attractive career path because of how stable the job prospects for it have been and continue to be. There are a lot of factors that have contributed to the growth of available jobs in this career, including retiring older workers, the growth of sub-contracts from insurance companies, and the promotion of former insurance adjustors to managerial positions. On top of that, the increasing amount of cars on the road creates a larger market for damage insurance and insurance adjusting.
If you’re currently pursuing auto body estimator training, you should take at a look at insurance adjusting as a potential career path. It’s a stable, growing field with good prospects and the option to work independently.
If you get auto body estimator training, you can become an insurance adjustor!
Visit Automotive Training Centre for more information or to speak with an advisor!
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