Knowhow-Now Article

The Cost of Fraudulent Insurance Claims

 

Undetected general insurance fraud claims total £1.9billion a year adding on average £44 to the annual costs individual policyholders face.

 

An added expense Insurers don’t think that customers should be paying for and are making fraud investigation a priority.

 

Here are a few examples of the type of scams that make the headlines.

 

Crash for Cash Traffic Accidents

 

Reported recently was an event that occurred in Manchester, England concerning a crash for cash insurance fraud.

 

The offender would be paid a fee by a car owner to knowingly cause his vehicle to be involved in an accident, with the premise that they could claim the third party's insurance company for compensation, court costs and courtesy cars.

 

It is imperative when initiating a fraud investigation against a claimant who alleges they were involved in a road accident , that you understand that a quality plan and photographs of the accident scene will be a major feature and will need to be produced in court.

 

For this you need to supply a map of the location and a concise statement of the facts and what you will get in return is a detailed report and photographs clearly showing the scene and a sketch giving measurements of the roads, plus statements from witnesses and police .

 

In the case of obtaining evidence, it is important that you get as much detail as possible to aid the solicitor.

 

Payment Protection Insurance Fraud

 

This is committed by people taking PPI to cover loans, credit cards and other monetary agreements.

 

To put it briefly, it involves the withdrawal of a large monetary amount and then they use the insurance to cover the repayments.

 

To do this they feign illness or claim to have been made un-employed and cannot find work elsewhere.

 

As has been reported in the past, someone has claimed to have suffered an injury that keeps them from earning a wage only to have a fraud investigation team film them doing somersaults on the trampoline in the garden.

 

Get these claims investigated to establish their legality by employing a surveillance team who will gather and supply evidence in the form of video, photographic and detailed written reports.

 

Surveillance should preferably be carried out by a male and female team members , who will physically follow an individual from a designated location and then take video and still images without the subject being aware. Alternatively they could set up day and night CCTV Covert Cameras at appropriate locations.

 

We provide a service to insurance companies in relation to insurance claims and accident claims throughout the UK.We will also investigate and report on accident claims etc. Our fees are negotiable and can be either on an hourly basis or a set fee which can be set to the claim value.

 

Our company, Go Executive Protection Ltd, provide the best qualified Fraud Investigators and at a competitive cost to yourself.

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