Definition: The salary of an insurance adjuster refers to the amount that a specific individual or company pays to their insurance adjuster for providing services related to handling claims and disputes regarding property damage, loss, theft, etc., following legal proceedings involving home insurance policies. The compensation typically paid by the client (the insured) in relation to the outcome of the claim is included in this figure. In terms of its definition: -

Salary

: The base salary amount that an adjuster is paid for providing services related to the claims process. -

Professional fee

: This refers to the specific percentage or dollar amount that the insurance company will pay a particular adjuster based on their performance and expertise within the claims process. It's typically set by the insurance company itself, but it can also be negotiated between the client and the adjuster as part of the settlement terms. -

Claim compensation

: The final amount paid to the insured for the damage or loss incurred in a specific claim. This includes any additional expenses related to repairs, replacements, or other costs that were not covered by the policy. The salary of an insurance adjuster is typically paid at the end of the claims process after all claims have been processed and reviewed. It's usually part of a larger package, including base salaries and professional fees, and may be negotiable with the client in relation to their settlement.

salary of an insurance adjuster