Insurance Fraud Investigator Jobs
Description, Career Info & Salary

Insurance fraud investigator jobs & careers have a great salary, but the job description's boring. Learn if investigating insurance claims is interesting to you.

Insurance investigators work to ensure that insurance claims are not falsified. If someone is trying to get money from an insurer because their business burned down, something of high value was stolen, or an injury was incurred by an accident on the job, an insurance investigator might be called in to make sure the truth is being told.

Does this sound like a career that interests you? Do you think you are the right kind of person for the job?

If you are thinking of becoming an insurance investigator, you may want to get to know the position a little more before you decide that it's what you really want to do.

The first thing you should bear in mind is that much of the insurance investigator's work is done on computers. This means a lot of time in the office.

While you do get outside on a regular basis, if you are the type of person who cannot stand to work in an office setting, you may want to reconsider your career as an insurance fraud investigator.

Insurance Fraud Investigator Job Description

Lots of Money's At Stake in Insurance Fraud

So we know what the insurance investigator does overall, but what exactly is he or she responsible for? What exactly do insurance fraud investigator jobs entail?

Like crime scene investigators, insurance investigators work towards solving a mystery. Based on evidence collected about a specific insurance claim (whether it's property-, accident-, or banking-related), they work to find out if it is or is not fraudulent.

There are many different areas insurance investigators work in. Here are a couple of them:

Fake Injuries - People who fake or exaggerate injuries on the job to claim workers' compensation benefits for an extended period of time.
Fake Automobile Accidents - People sometimes fake an accident because they want to get their cars fixed at the expense of their insurance providers.
Theft Fraud - People who pretend that their houses, offices, or other properties have been burglarized. They say that expensive items have been stolen, in order to claim the insurance money.

The insurance investigator works in these areas and many more to determine if a claim is valid or not.

Insurance Investigator Pay Scale

An insurance fraud investigator salary is fairly comparable to that of a police officer. While it depends entirely on where and with whom you are employed, the average annual paycheck for an insurance investigator is right around $55,000.

Obviously some people (specialists, experts, or senior staff members) make much more than that, while others (new recruits, non-specialists) pull in less.

If you want to earn as much money as possible as an insurance investigator you have to be prepared to work hard, make the extra effort, and excel in what you do.

The best way to make the most money investigating insurance fraud is with a diploma. Many campus and online colleges offer degrees in investigation and criminal justice.