When it comes to insurance fraud, it comes in all shapes and sizes. There are many different ways that people dishonestly try and get their insurance company to pay out. In fact, insurance fraud is defined as any form of dishonesty that is used to get a profit from an insurance company. While some people may feel like the insurance companies that they deal with take enough money from them over the years that it constitutes a payout, that doesn’t mean that it isn’t illegal to try and steal money from them. Advanced Private Investigator & Security of Miami, FL is here to talk about different types of insurance fraud that insurance adjusters see most.

Top Insurance Frauds

The types of insurance fraud out there seem to be endless. However, there are some that show up more frequently than others. Following are some of the most common types of insurance fraud.
– Application Fraud: Bending the truth when filing out your insurance application might sound like it isn’t a big deal, however, it can come back to bite you down the road. Some people will leave out some facts and others will get distorted. When you do this, on your application, it can be a disaster if you ever need to file a claim.
– Fake Death: Some people will actually fake their own death to get money out of their insurance company. There are certain people that will take out large life insurance policies on themselves or someone they love and then making a few payments will then fake their death. Their goal is to ride off into the sunset with pockets full of cash to start a completely new life.
– Claims Fraud: This is a process where people will cause damage to their own belongings so that they can get money from their insurance company. This can range from a simple “slip and fall” accident to arson. It can include crimes like theft, car accidents, and more. Some people will even try to squeeze repairs into this category as well.
– Disaster Fraud: When disaster strikes, it creates the perfect opportunity for people to commit insurance fraud. It can be such a chaotic situation that it makes it easy for people to try and take advantage of their insurance companies.

How Does Insurance Fraud Investigation Work?

A big job for insurance adjustors is to catch customers that are attempting to commit insurance fraud of all different kinds. They can use several different avenues to gather evidence needed to catch people that are being less than honest with their insurance companies. Whether it is combing through records, surveilling, following social media accounts, private investigators can be incredibly valuable.

Private Investigator & Security Services in Greater Miami, Sunny Isles, Hialeah, Fort Lauderdale, Pembroke Pines, Hollywood, Miramar, Boca Raton, West Palm Beach & Miami Gardens Florida

If you’re in need of evidence to catch dishonest customers or clients, you can turn to Advanced Private Investigator & Security of Miami, FL to help you gather the information necessary to move forward with the case. Call us today!