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When automobile damage occurs, insurance appraisers evaluate the validity of claims and determine the cost of repairs. They prepare insurance claim forms and provide estimated benefits coverage based on the individual policy and the value of the vehicle as well as the cost of damage repairs. As part of their efforts to secure a better price for their firm and quality repairs for their clients, they may confer or negotiate directly with automobile repair shops. If a disagreement with the shop arises regarding the cost and value of repairs, they may arrange to have the damage appraised by another appraiser. If a vehicle has been totaled, they calculate the salvage value. An extensive knowledge of automobile repair as well as a working knowledge of automobile repair industry pricing is crucial for this occupation. A minimum of a high school diploma or equivalent is required for this occupation, as is significant technical knowledge.
An Auto Damage Insurance Appraiser will most likely earn a pay level somewhere between 40000 - 60000 depending on experience and domain knowledge. Insurance Appraisers, Auto Damage will usually earn an average pay level of Fifty Seven Thousand Eight Hundred dollars annually.
Insurance Appraisers, Auto Damage obtain the most salary in Alabama, where they can get an average pay rate of just about $71390. Employees who work in this job have the best average compensation in Management of Companies and Enterprises, where they earn wages of $72120.
Are you an aspiring auto damage insurance appraiser? Want a new opportunity where you can earn a higher salary? Create your free auto damage insurance appraiser job alert today and take control of your future.
The national wage distribution is shown below. To overlay local salaries for an Auto Damage Insurance Appraiser, please select your state.
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SALARY TREND
The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 26.06 percent nationwide in that time.
INDUSTRIES
Insurance Appraisers of Auto Damages tend to make the most in the following industries
Professional, Scientific, and Technical Services $72,120
Management of Companies and Enterprises $63,850
Finance and Insurance $56,800
Other Services (except Public Administration) $50,030
In general, they earn less within the industries below
Other Services (except Public Administration) $50,030
Finance and Insurance $56,800
Management of Companies and Enterprises $63,850
Professional, Scientific, and Technical Services $72,120
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Source: http://docphy.com/business-industry/personal-finance/insurance/salary-insurance-appraisers-auto-damages.html
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