Types of First Party Property Fraud

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Every first-party property adjuster will face in his or her career attempts to defraud the insurer for whom the adjuster works. It is necessary that the adjuster is aware of each type of property insurance fraud he or she may encounter. Some, but surely not all, fraud types follow:

Arson-for-profit.

Arson is the intentional burning of property. It no longer is limited to specific types of property. Although perhaps the most dangerous of all methods of insurance fraud, people continue to attempt insurance fraud by burning their homes, vehicles, and business structures.

If an insured sets fire to his furniture or car to defraud the insurer, the defense available to the insurer is fraud not arson. To defend a claim based upon fraud by arson, the insurer must prove the the cause and that it was set to defraud the insurer.