The Need For Insurance Fraud Investigation Services

Insurance fraud investigation, as carried out by qualified and diligent insurance fraud investigators, is probably not something that your ordinary Joe gives a great deal of thought to during the course of their day but it plays a significant part in our lives and now more than ever is a necessary service to help reduce and possibly eradicate the affliction that is so prevalent in society today and that is insurance fraud. Insurance fraud is seen by many of those who actually partake in this activity to be a victimless crime. They have a belief system that allows them to rationalise that the insurance companies themselves are rich enough to absorb the monetary costs of their actions. But when you realise that insurance fraud claims total 1,900,000,000 pounds, that is 1.9 billion, a year and adds an average of 44 pounds to the annual cost paid by policy holders, then the penny drops and that you now not only realise that it is not indeed a victimless crime as many of these fraudsters will have you believe but is a crime that directly affects you and me! This is an added expense insurance companies claim that they do not think that customers should be paying for but as you can read they are not shy at passing the additional cost on to the legitimate and honest policy holder. Admittedly they are now making insurance fraud investigation a priority but the added expense is still yours and mine to bear in the interim period. It may actually surprise you the type of person who will commit insurance fraud. You may have an image in your head of organised gangs setting up crash for cash traffic accidents and the like but insurance fraud investigators are finding that more and more it is the disgruntled insurance policy holder, who has paid their premiums over the years without ever making a single claim, that now feel as though their insurance company owes them some form of remuneration. Here we have two examples of the type of what can best be described as the more popular insurance fraud scams that are at this time making the headlines. Crash for Cash Traffic Accidents What we have here is an incident that was reported recently, it was an event that occurred in Manchester, England concerning a crash for cash insurance fraud. The offender was paid a fee by numerous car owners to knowingly cause their vehicles to be involved in a controlled road traffic collision, with the idea that they could claim the other insurance companies for injury compensation, court costs and courtesy cars. This was a most lucrative endeavour for all those concerned and it was only when insurance investigators set up an extensive surveillance operation at the location where they reportedly had their accidents that they were eventually caught and prosecuted. Payment Protection Insurance Fraud This is insurance fraud committed by people taking out payment protection insurance to cover loans, credit cards and other monetary agreements with the sole intention of making a false claim to cover the expense. What this is in its most basic form is someone looking to get their expensive goods and or cash for free. This involves anything that they can take out a large sum of money on and then use the false insurance claim to pay it all back, ergo something for nothing. The main ways these insurance fraudsters claim on insurance policies are through feigning serious illness or injury and claiming that they have recently been made redundant and utilise the unemployment clause in their policy. But insurance companies are fighting back and insurance investigators are putting the screws on those who are making fraudulent insurance claims. It will not be the first time that someone has claimed to have suffered a debilitating injury that prevents them from working and paying off their credit legitimately, only to have a fraud investigation surveillance team capture video of them doing hand stands and cartwheels in the back garden. To help reduce the cost of insurance premiums it is important that any and all suspicious claims be investigated to help determine the truth and hiring insurance fraud investigators is a guaranteed way of doing so.

Our company, Go Executive Protection Ltd, can provide you with an experienced and professional Insurance fraud investigators and at a competitive cost to yourself.