One of the least frequently talked about difficulties the insurance industry faces is the persistent problem of fraud. While the vast majority of policy holders of all types are honest people, the temptation to lie or cheat in order to secure a payout is always there. That means that every year, countless millions of dollars are lost to fraudsters who drive up premiums for everyone else.
One important ally in the fight against this kind of criminal activity in the area is the specialized investigator. Because these crimes can be difficult to understand, an Insurance Fraud Investigator Company in Washington DC is often the best place to turn when the details need to be revealed.
Many times, the most telling facts are those of a financial nature. An investigator like Jeffrey D. Barsky CPA Washington DC, for example, will rely on attorneys to use the legal discovery process to secure important, information-rich financial documents. Trawling through piles of such records might not be the average person’s idea of a good time, but it is often the best way of discovering and proving insurance fraud.
Making use of an Insurance Fraud Investigator Company in Washington DC can have other advantages, too. Those who plan on committing fraud almost invariably leave traces of their intentions behind, whether through offhand comments to others or purchases of a suspicious nature. Many people who seek to illegitimately cash in on their vehicle insurance policies, for example, behave in unusual ways before attempting to do so. That means that an Insurance Fraud Investigator Company in Washington DC might uncover the fact that a person suddenly removed every personal belonging from a vehicle right before it was totaled.
While fraud of this kind will never be entirely eradicated, working to make getting away with it as hard as possible is highly important. Investigators who assist with this crucial responsibility almost certainly contribute billions of dollars to the legitimate economy every year with the savings they deliver. Without their help, it is likely that honest people everywhere would be paying far more for insurance while receiving the same levels of coverage.
