Feast or Famine: The life of an Independent Adjuster

As an independent adjuster, the term "feast or famine" often comes into play. This phrase describes the unpredictable nature of the job, where there are periods of intense activity and high demand (the "feast") followed by quieter times with less or no work (the "famine").

During the "feast" periods, which typically coincide with natural disasters such as hurricanes, wildfires, or other catastrophic events, there is a surge in insurance claims, leading to a high demand for adjusters. Adjusters work long hours, travel extensively, and often handle numerous claims simultaneously. These busy periods can be financially rewarding but also mentally and physically exhausting.

Conversely, during the "famine" periods, there may be little to no work available. This downtime can vary in length, and adjusters may find themselves waiting for the next surge in claims. It's during these quieter times that independent adjusters often need to manage their finances carefully, as their income can be sporadic.

Until you find your next deployment, don't panic and don't fall into the trap of "worrying." Now is the time to update all of your licenses (obtain new one's also), complete any CE hours required by your state and above all, take the initiative to seek out trainings, conferences or workshops. Educate yourself in the areas of leadership, the ever changing laws and requirements so that when your deployment comes (and it WILL), you will be prepared.

In essence, the feast or famine cycle is a fundamental aspect of working as an independent adjuster. Adjusters must learn to adapt to these fluctuations, plan for the slower times, and take advantage of the busier seasons to maximize their income while providing excellent service to their clients.