Insurance Claims

Insurance claims involve requests for compensation from an insurance company after a loss or damage occurs. In forensic accounting, experts analyze these claims to confirm their validity by examining financial records, policy details, and relevant evidence. They ensure that the claim is legitimate, accurately calculated, and compliant with the policy terms. Forensic accountants often help uncover fraud or discrepancies, providing insights that aid insurance companies in making informed decisions about payouts, ultimately protecting against financial losses and ensuring fair treatment for claimants.