Watch the full video at https://rumble.com/vepget-a-video-explaining-arson-for-profit-and-other-property-insurance-frauds.html and at https: // youtu.be/t2SeWXXkNcA  Any first-party property adjuster will encounter in his or her career attempts to defraud the insurer for whom the adjuster works. It is imperative that the adjuster is aware of any type of property insurance fraud he or she may encounter. Some, but certainly not all, types of fraud follow:
Arson for profit.
Arson is the intentional burning of property. It is no longer limited to specific types of properties. While it may be the most dangerous of all insurance fraud methods, people continue to try fraud by burning their homes, vehicles and business structures. to the insurer, fraud is not arson. To defend a claim based on fraud with burning, the insurer must prove the following:
- The property was insured under an insurance contract.
- The insurance contract contained a provision that allowed the insurer to invalidate the insurance due to misrepresentation, concealment, false swearing, fraud or an exclusion from the insured's intentional acts similar to that of the New York Standard Fire Insurance Policy.
- The fire was not accidental.
- The fire was caused by acts of a person or persons.
- The fire is lit by the insured or someone acting for the insured.
- The fire is lit for the purpose of deceiving the insurer.
Staged Water Damage or Mold Claims
19659014] Several other claims of property fraud
© 2021 – Barry Zalma
Barry Zalma, Esq., CFE, now limits his practice to work as an insurance consultant who specializes in insurance coverage, insurance management, insurance beliefs and insurance fraud almost equally for insurers and policyholders. He also acts as an arbitrator or mediator for insurance-related disputes. He practiced law in California for more than 44 years as an insurance coverage and claims lawyer and more than 52 years in the insurance industry. He is available at http://www.zalma.com and email@example.com.
Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.
For the past 53 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to enable insurers and their claims staff to become professional in insurance claims.
Go to the podcast Zalma On Insurance at https://anchor.fm/barry-zalma; Follow Zalma on Twitter at https://twitter.com/bzalma ; Go to Barry Zalma videos on Rumble.com at https://rumble.com/c/c-262921; Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; Go to the Insurance Claims Library – https://zalma.com/blog/insurance-claims-library/ Read posts from Barry Zalma at https://parler.com/profile/Zalma/ posts; and Read the last two issues of ZIFL here.