The need for large numbers of claims adjusters following a catastrophe has led to roughly 57,000 independent claims adjusters in the U.S. who can be deployed wherever and whenever a catastrophe strikes. These individuals earn a percentage of the damage they assess, and can earn in excess of $300,000 in the 6-8 months following a catastrophe.
| less than a minute read
These guys chase catastrophes wherever they strike. And they make lots of money
For cat chasers, Harvey, Irma and Maria provide the big paydays that make their jobs so lucrative. Adjusters who work intensely and efficiently can make $60,000-$100,000 in the first month after a disaster, up to $300,000 in six to eight months. How do you get licensed? Take a 40-hour course. Build your reputation to get the best offers. The fee schedule advertised by Pyka and Associates shows that claims ranging from $1,000 to $5,000 pay $970 each. Claims ranging from $25,000 to $35,000 pay $1,850. Claims ranging from $300,000 to $500,000 pay 3.4 percent but not less than $10,200. One million dollars and up pays 2.1 percent but not less than $24,000. So for a $40,000 claim at a Homestead house that “looked like a Donald Trump house,” Kline earned about $2,000.
