Insurance companies will likely hire a private investigator to assist with insurance claims such as personal injury, workers’ compensation, disability insurance, or healthcare, and determine whether a fraudulent claim has been filed. Private investigators can be a crucial asset to an insurance company as insurance fraud is a costly issue and affects both the insurance company as well as any policy holders within the company. Read on to find out more about how insurance companies can benefit from a private investigator. 

Surveillance 

Insurance companies can use private investigators to follow suspected targets who have filed fraudulent claims. The tactic behind surveillance is to monitor these people for any possible activity that would expose the fraudulence, such as a person walking normally then developing a fake limp. Private investigators will work diligently and professionally to find any evidence that would negate the claim made. 

Research and Review of Documents

Private investigators can conduct research of insurance claims to ensure everything adds up. This includes reviewing any photographic evidence, receipts, cross-referencing police reports and statements or any other documentation related to the case that could be tampered with or falsified. 

Background Checks

Conducting background checks is another way private investigators can help determine the legitimacy of a claim. Background checks help identify whether the person making a claim has a history of previous claims and if any have been fraudulent. They can review the claimants financials as well for any indicators that would influence them to commit insurance fraud. Private investigators may also interview any involved parties or witnesses who could provide information to invalidate the claimants story. 

Evidence for Court

If insurance companies choose to take the fraudulent claim to court, private investigators will ensure that any evidence and information will be permissible in court as well. They can also help determine whether it is necessary to bring the case to court depending on the level of information or evidence available, so the insurance company doesn’t have to handle a prolonged ordeal. 

Hiring a Private Investigator

Private investigators are specialized in what they do, and can help determine whether a claim is valid or not. You’ll want to ensure the private investigator you hire has extensive experience in insurance cases as well, as not all PIs specialize in the same type of cases. Investment scams and fraudulent claims are an unfortunate reality for insurance companies. That’s why getting the right help and investigative work can save you from dealing with expensive costs and liability issues.