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Wednesday, March 9, 2011

Want to Know about an Insurance Investigator?

Insurance frauds are common and cost a lot for insurance companies. An insurance investigator is responsible for reducing these costs and protecting the insured and insurance companies. Details of suspicious insurance claims are examined by the investigators to identify and prevent fraud.

Claims of disability are commonly dealt by insurance investigators. Some people claim falsely that they have a disability. The insurance investigators check and determine if the person is seriously having the problem. Auto insurance frauds are the other cases solved by them. False reports of stolen vehicles are the common type of auto insurance frauds. The investigator should follow specific paper trails and determine if the vehicle is really stolen or not.

The investigators also work against people who claim insurance through false workers' compensation claims, staged accidents or unnecessary medical treatments. So, an insurance investigator should have the capability to conduct research and find the backgrounds of claimants and other people. The person should also have good interviewing and problem-solving skills. They should also have better communication skills to interact with people and persuade them to cooperate with investigation.

However, the educational requirements vary based on the position of the employer. A bachelor's degree is sufficient to become an insurance investigator. But, the previous work experience counts a lot. The duty of insurance investigators is not fixed to particular timings. The typical working schedule is unpredictable and can include irregular and long hours. However, the work they provide is really worth and solves many issues. So, many companies prefer to hire insurance investigators.

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