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Veristep India specializes in uncovering key red flags in insurance claims investigations. Common indicators include inconsistent statements, where the claimantu2019s account contradicts available evidence, and exaggerated damages, where losses or injuries are overstated. Suspicious timing, such as claims made soon after a policy is issued, often raises concerns. A pattern of multiple claims for similar incidents can suggest fraudulent activity. Additionally, lack of supporting evidence or documentation frequently signals an attempt to mislead insurers.
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TOP 5 RED FLAGS UNCOVERED IN INSURANCE CLAIMS INVESTIGATIONS INCONSISTENT STATEMENTS Discrepancies in the claimant's account of the incident raise suspicion. EXAGGERATED DAMAGES Overstating the extent of injury or property damage to increase claim value. SUSPICIOUS TIMING Claims filed shortly after policy purchase or during financial difficulties. MULTIPLE CLAIMS A history of frequent claims, especially for similar incidents or losses. LACK OF EVIDENCE Insufficient documentation or missing critical details to support the claim. https://veristep.in/
