Hi! I want to become an average adjuster. I can’t really go to college for my bachelor’s degree, due to all the colleges near me being impacted. But I have 70 community college credits. I’m 18 years old.
Currently, I’m looking for an attorney to take me for law office studies in California, so I can take the CA bar exam, as I believe a solid education in the law is very important in the field of average adjusting, due to their intimate relationship.
During my law office studies, should I also prepare for the IIA’s Associate in Marine Insurance Management and the Associateship exam of The Association of Average Adjusters, so I can get a job as a trainee average adjuster with one of my Dad’s colleagues (Dad’s a leading marine surveyor, and he knows a lot of average adjusters both in California and across the world)?
I hope to eventually start my own average adjusting and maritime law practice after getting enough experience and passing the Fellowship exam of The Association of Average Adjusters. Eventually I hope to become eligible to take the Certified Marine Investigator exam of the IAMI.
How many claims does an average adjuster see per month? Dad said around 20, and the average value is $20,000. Since the average adjuster’s fee is 10%, wouldn’t my revenue be like $480,000/year? And since my overhead would probably be just a small office, a laptop, and a cell phone, my profit margin would probably be 60%, so I’d be taking home $288,000/year in profit!
Although I bet that would only come after a few years of experience. And I’d be working 60-80 hours a week, but hey, it’s a super cool job…you get to meet all sorts of people, and deal with really cool aspects of the law.
Thanks for advising!