Insurance 101 – Chapter 7 – Volume 42 – Complete a Thorough Investigation

Complete a Thorough Investigation

There is no excuse, regardless of the size of the loss, for failing to complete a thorough investigation. Most insurance frauds are small and consist of inflation of the description or value of the item that is the subject of the claim. It is not unusual for a black and white television to be reported stolen as a color television so the insured can obtain the extra dollars necessary to pay the deductible amount. Thorough investigation may discover this inflated claim. A thorough investigation will also make it possible for the adjuster to pay the honest insured every dollar of indemnity to which the insured is entitled.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

Legal Disclaimer

The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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