Insurance FAQ
 

If Your Car Was Repossessed During An Insurance Investigation Fraud Should They Have To Pay For Another?

Question by LueLue | Posted in Insurance & Registration

A friend's car was repossessed during an insurance investigation, he was unable to go to work because the insurance company didn't finish the investigation in ample enough time. The insurance company was going to give him $2500 to get the car fixed before the investigation. Now the insurance company is saying that they are going to pay him for pain & suffering and the damages to the car. Are they going to buy him a new car being as though there was no fraud?

Answer: The only reason the friends car would be repossessed is because the payments were not made and the bank wasn't told anything. He could have rented a car, car pooled, used public transportation, or any of a number of things to get to work. He didn't have to stay home because the insurance was investigating the loss.

No, at best they will make up his losses and give him fair market value for the car that was stolen. Although I have to wonder how the bank found the car to repossess it.

The best source of answers for your friend will actually be his insurance company.
 
 

Does Anyone Know How You Go About Getting A Job Being A P.I. Say 4 A Insurance Fraud Investigation With No Exp

Question by nutnbutathing | Posted in Financial Services


Answer: Impossible, you need experience. No company will even consider you unless you have training and experience. Maybe as a Police Officer, Prison Guard, worked in a Law Firm, or have a friend that is a PI and he will train and get you experience with his/her company.

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Insurance Fraud?

Question by utcreed | Posted in Insurance & Registration

This guy hit me from behind while my car was not in motion. We called the police and exchanged insurance info. I made a claim under his insurance. The insurance admitted their client was at fault. However, that guy is trying to make a claim under my insurance. He is making inconsistent false statements to both insurance companies. He stated to his insurance that i made a sudden stop which caused him to hit me. He stated to my insurance that he was hit from behind which caused him to hit me from behind.

Answer: Talk to the adjuster handling your claim - for your company.

A lawyer is only going to cost you money and won't change one thing about how your company handles the claim the guy presented against your policy.

So - talk to the adjuster for your company and let him/her know your concerns.

Believe it or not....adjusters are not stupid.

The adjuster for each company will do their own separate investigation and determine liability.

His company has agreed to pay you. Tell the adjuster with your company this. Give your company adjuster the name/phone number/claim number for the other guys insurance adjuster. Your company

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Is Lying About Having A Preexisting Condition Considered Insurance Fraud?

Question by Sticky | Posted in Insurance

let's say I file a claim and they pay for the treatment. If my insurance finds out later through investigation, how much trouble could I actual get in for lying about a pre-existing condition.

Answer: You could be sued for the amount that the insurance carrier paid on your behalf.

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Is This Insurance Fraud?

Question by G M | Posted in Insurance & Registration

I need help with an issue i am currently having with my insurance company. I filed a claim in regards to somebody vandalizing my car, it was keyed terribly on every part. However, the issue is that there was previous damage on the car, it was keyed on the driver side door and left rear quarter panel a few months earlier (prior to me enrolling with this new company), but I repaired that damage with touch-up paint. More damage was inflicted on the panels that had previous damage. I believe I am now

Answer: I assume you reported the vandalism to the police. It is not uncommon for an insurance company to assign a special investigator to vandalism claims. Just be upfront with the investigator.

The insurance company will likely pay you for the new damage and deduct for the old damage. Your deductible will apply.

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