insurance company oversight
Insurance fraud seems to be common. Have you heard someone say that claimed more than he lost in a fire? Or, to put their points were worth more it really is so they could – in his words – to recover the deductible, too?
A person with all his tools were the top line. Not a single wrench or screwdriver was purchased at Wal-Mart? Hard to believe! Another person said he had a closet full of tailor-made suits, instead of being bought off the rack. Again, a statement that issue.
When people submit fraudulent claims, who do you think ends up paying for it in the long run? Everyone, through higher premiums. An insurance policy is to help you return to where you were not before their loss, improve your lifestyle!
We have had many disasters in recent years, and predictions are that we will continue to see hurricanes and tornadoes affect our lives. Fires continue to burn homes and businesses. Flooding is occurring in areas of the country in which "never happened before. Fires continue to burn.
Fortunately, it is doing something about it. The Federal Bureau of Investigation has stated that the hurricane Katrina Fraud Task Force has filed federal charges against 907 people nationwide since Katrina affected so many lives in 2005. Responsibility for Workforce is to deter, detect and prosecute those who try to take advantage of disasters related to Hurricanes Katrina, Rita, Wilma, Gustav and Ike and other natural disasters.
The Task Force processes complaints and coordinates with law enforcement agencies to initiate investigations. Unfortunately, there are people who thrive on taking advantage of victims. The same is true in the situation of people trying to recover from disasters. It is a sad statement that we need a task force. However, We can be pleased that we have federal oversight on this widespread fraud.
More than 26,000 complaints of disaster fraud and have received more than 17,000 have been or are being investigated. Just created this year, the Command Center now has a fraud hotline for disaster receive complaints related to wildfires in California, Iowa, floods and hurricanes Gustav and Ike.
These are the disasters of propagation, and this committee is to address fraud committed by people taking advantage of disaster victims. But consider your individual policy. Many insurance agents have said that fraud – if the type of investigation by the Task Force, or committed by the policy holders themselves – will encourage insurance companies to be more rigorous in requiring proof of ownership of their customers. When submitting a claim, this will impact those who do not have an inventory of your belongings, as not be able to provide this information.
What can you do? Report suspected fraud. And they have a list of the contents of your home or business to support any claims that may need to file.
About the Author:
Cindy Hartman is President of Hartman Inventory, LLC, a business and home inventory service provider. She and her husband Mike are also owners of Hartman Inventory Systems, LLC, a company that provides assistance to entrepreneurs who want to establish their own home-based inventory business. http://www.HartmanInventory.com
Article Source: ArticlesBase.com – Insurance Fraud Affects Us All
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