Insurance Fraud Attorney in Denver, Colorado

There is no single sector of the insurance market that is free from fraud or the potential for fraud. Additionally, companies who sell insurance, insurance consumers and those who benefit from insurance claims can potentially be under investigation for fraud or may have committed fraud.

It is important to understand that there are two common classifications of insurance fraud: one known as soft fraud and one known as hard fraud.

These classifications are further defined as:

• Soft fraud: When a consumer, homeowner or anyone who is eligible to place a claim inflates the amount of the actual claim. An example of this would be someone who places a claim against their rental insurance and inflates the value of property stolen. In these cases, the claimant has a legitimate claim; they simply inflate the amount of the loss. Consulting a credit card fraud attorney in Denver could be beneficial to navigate through such complex situations, ensuring that all actions remain within legal boundaries.
• Hard fraud: This type of fraud involves placing an insurance claim when there has been no genuine loss or reason for filing a claim. For example, faking someone’s death, an injury or a robbery are examples of some of the actions that may be taken. On a larger scale, physicians who bill Medicaid or other health insurance companies for services that were never provided.