Vocabulary Words Every Insurance Investigator Should Know

Claim

Definition: To state something as a fact or to assert a right to something.

• He will claim his prize at the ceremony.
• She made a claim about her invention.
• You need to claim your lost items at the office.

Claim in a sentence

Fraud

Definition: Wrongful or criminal deception intended to result in financial or personal gain.

• He was charged with fraud for lying about his income.
• Fraud can happen in many forms, such as scams.
• It's important to be aware of fraud when shopping online.

Fraud in a sentence

Policy

Definition: A plan or course of action adopted by an organization.

• The school has a policy on bullying.
• Their policy helps protect the environment.
• She explained the new policy to the staff.

Policy in a sentence

Risk

Definition: The possibility of something bad happening.

• There is a risk of falling if you climb too high.
• We need to assess the risk before starting the project.
• Taking risks can lead to great rewards if managed well.

Risk in a sentence

Agent

Definition: A person who acts on behalf of another; also a representative or a force in a process.

• He is an agent for a famous actor.
• In science, water can be an agent of erosion.
• The travel agent helped us plan our vacation.

Agent in a sentence

Coverage

Definition: The extent to which something is reported or included.

• The news coverage of the event was extensive.
• He checked the insurance coverage before the trip.
• The magazine provided great coverage of the festival.

Coverage in a sentence

Loss

Definition: the state of losing something; not having something anymore

• His loss of a pet made him very sad.
• The team felt the loss of their star player.
• She experienced a loss when her grandmother passed away.

Loss in a sentence

Damage

Definition: physical harm that impairs something

• The storm caused damage to the house.
• He noticed damage to his bike after the fall.
• Understanding damage helps in assessing situations.

Damage in a sentence

Evidence

Definition: the information that helps prove something

• The detective found evidence at the scene.
• She presented evidence to support her argument.
• The evidence showed that he was telling the truth.

Evidence in a sentence

Investigate

Definition: To look into something carefully to find out information.

• The teacher will investigate why the homework was not done.
• Police investigate crimes to find the truth.
• We need to investigate the results of the experiment.

Investigate in a sentence

Report

Definition: A spoken or written account of something.

• I need to write a report about my science project.
• The news report covered the recent event.
• He will report the findings to the class.

Report in a sentence

Insurance

Definition: A contract that provides protection against financial loss.

• Car insurance helps pay for damages in an accident.
• I have health insurance to cover doctor visits.
• You should get insurance for valuable items.

Insurance in a sentence

Premium

Definition: Of higher quality; an additional cost for extra benefits.

• They offer a premium membership with special perks.
• He paid a premium price for the concert tickets.
• The product comes in a premium package.

Premium in a sentence

Accident

Definition: An unexpected event that causes harm or damage.

• She had a minor accident while riding her bike.
• The accident caused traffic to be delayed for hours.
• He was shaken but unhurt after the car accident.

Accident in a sentence

Theft

Definition: The act of stealing; taking someone else's property without permission.

• The theft of the bike was reported to the police.
• He was a victim of theft at the mall.
• They increased security to prevent theft.

Theft in a sentence

Investigation

Definition: The process of examining a situation or case to uncover facts; a detailed inquiry.

• The investigation revealed the cause of the accident.
• They launched an investigation into the missing funds.
• Her job involves conducting investigations for the company.

Investigation in a sentence

Witness

Definition: A person who sees an event, often a crime, and can provide information.

• The witness testified at the trial.
• She was a witness to the accident and reported it.
• Witnesses play a crucial role in legal cases.

Witness in a sentence

Adjuster

Definition: a person who changes or modifies something

• The adjuster reviewed the insurance claim.
• He is an adjuster for the insurance company.
• An adjuster can help make necessary changes.

Adjuster in a sentence

Liability

Definition: the state of being responsible for something, especially in law

• He accepted liability for the accident.
• The company has a liability to its employees.
• Understanding liability is important in business.

Liability in a sentence

Terms

Definition: The specific conditions or rules of an agreement.

• The terms of the contract must be followed.
• She agreed to the terms before signing.
• Understanding terms helps in negotiations.

Terms in a sentence

Renewal

Definition: The act of making something new or fresh again.

• The renewal of the park brought joy to the community.
• She completed the renewal of her driver's license.
• Their project entered a renewal phase after feedback.

Renewal in a sentence

Statement

Definition: A clear expression of something in speech or writing.

• The teacher asked for a statement about the project.
• He made a statement about his favorite book.
• She wrote a statement to explain her opinion.

Statement in a sentence

Compensation

Definition: Something, typically money, given to someone for loss or injury.

• He received compensation for the damages to his car.
• The job offers good compensation for hard work.
• They discussed compensation during the interview.

Compensation in a sentence

Procedure

Definition: a series of steps to accomplish a task

• Follow the procedure to complete the assignment.
• The procedure for the experiment was explained.
• He learned the procedure for making cookies.

Procedure in a sentence

Assessment

Definition: An evaluation or test to measure knowledge or skills.

• The teacher gave an assessment to check our progress.
• We will have a math assessment next week.
• Assessments help identify areas to improve.

Assessment in a sentence

Incident

Definition: An event or occurrence, usually unexpected.

• There was a minor incident at school yesterday.
• The incident was reported to the police.
• She told us about a funny incident that happened.

Incident in a sentence

Underwriter

Definition: A person or organization that evaluates risks and determines the terms of an insurance policy or loan.

• The underwriter assessed the application carefully.
• He works as an underwriter for a large insurance company.
• The underwriter is responsible for approving new policies.

Underwriter in a sentence

Documentation

Definition: The act of providing written evidence or records; materials that provide information.

• Proper documentation is important for legal processes.
• She prepared the documentation for the project.
• The documentation helped clarify the procedures.

Documentation in a sentence

Analysis

Definition: The detailed examination of something to understand it better.

• He did an analysis of the data for his project.
• Her analysis showed interesting results.
• They worked together on the analysis of the report.

Analysis in a sentence

Regulation

Definition: A rule or directive made and maintained by an authority.

• The regulation ensures safety.
• They followed the regulation carefully.
• New regulation was introduced for better practices.

Regulation in a sentence

Indemnity

Definition: Security or protection against a financial loss or damage.

• The policy offered indemnity against theft.
• They sought indemnity for damages caused by the storm.
• Indemnity clauses are common in contracts.

Indemnity in a sentence

Misrepresentation

Definition: The act of giving false or misleading information.

• Misrepresentation in a contract can lead to legal issues.
• The lawyer pointed out the misrepresentation of evidence.
• He faced charges due to misrepresentation of his qualifications.

Misrepresentation in a sentence

Inquiry

Definition: the act of asking questions to gain information

• The teacher encouraged inquiry during the lesson.
• Her inquiry into science led to many discoveries.
• Understanding inquiry promotes critical thinking.

Inquiry in a sentence

Surveillance

Definition: The monitoring of behavior and activities, often for security purposes.

• Surveillance cameras are used to enhance safety in public places.
• He learned about surveillance techniques in his criminal justice class.
• Understanding surveillance is crucial for privacy discussions.

Surveillance in a sentence

Compliance

Definition: Following rules or standards.

• The company is in compliance with safety regulations.
• They ensured compliance with the new laws.
• She checked for compliance with the guidelines.

Compliance in a sentence

Underwriting

Definition: the process of evaluating risk for insurance

• Underwriting is essential for approving insurance policies.
• He works in underwriting for a large company.
• Understanding underwriting helps in managing risks.

Underwriting in a sentence

Subrogation

Definition: The legal right for one party to pursue a claim for damages after paying a debt or claim.

• Subrogation allows the insurance company to recover costs.
• He learned about subrogation in his law class.
• Subrogation is important in insurance claims.

Subrogation in a sentence

Corroboration

Definition: Evidence that confirms or supports something.

• The police found corroboration for the witness's statement.
• Corroboration is important in legal cases.
• The scientist needed corroboration for her hypothesis.

Corroboration in a sentence

Testimony

Definition: A formal statement or evidence, often given in court; personal account of an experience.

• Her testimony helped the jury understand the case.
• He gave a testimony about his experience.
• The testimony was important for the trial.

Testimony in a sentence

Claimant

Definition: A person making a claim, often in legal or insurance contexts.

• The claimant submitted the necessary documents for review.
• Each claimant must provide evidence to support their case.
• The court will decide if the claimant is entitled to compensation.

Claimant in a sentence

Evaluation

Definition: The process of assessing or judging something.

• The teacher will conduct an evaluation of the project.
• She received an evaluation on her performance.
• An evaluation helps improve future work.

Evaluation in a sentence

Policyholder

Definition: A person or entity that owns an insurance policy; entitled to its benefits.

• As a policyholder, she received updates on her coverage.
• The policyholder is responsible for making premium payments.
• He understood his rights as a policyholder.

Policyholder in a sentence

Allegation

Definition: A claim or assertion that someone has done something illegal or wrong.

• The allegation of cheating was taken seriously.
• She made an allegation against the company.
• The investigation followed the serious allegation.

Allegation in a sentence

Disclosure

Definition: The act of making something known or revealing information.

• The disclosure of the report surprised everyone.
• He signed a disclosure agreement before sharing details.
• Transparency requires timely disclosure of important information.

Disclosure in a sentence

Anomaly

Definition: A deviation from the common rule or form.

• The weather pattern showed an anomaly this season.
• Finding an anomaly in the results raised questions.
• The anomaly was later explained through further research.

Anomaly in a sentence

Ascertain

Definition: To find out or discover something.

• We need to ascertain the cause of the problem.
• She tried to ascertain the truth behind the rumor.
• He will ascertain the best time for the meeting.

Ascertain in a sentence

Circumstantial

Definition: Related to or dependent on specific details or conditions.

• The circumstantial details of the story made it more interesting.
• Circumstantial factors can influence our choices.
• Her circumstantial evidence was helpful in the investigation.

Circumstantial in a sentence

Corroborate

Definition: To confirm or support a statement or theory with evidence.

• The witness was able to corroborate the suspect's alibi.
• His findings corroborate the results of previous studies.
• The teacher asked for proof to corroborate her claims.

Corroborate in a sentence

Deception

Definition: the act of misleading or deceiving someone

• His deception led to a loss of trust.
• They uncovered the deception in the investigation.
• Deception can have serious consequences.

Deception in a sentence

Diligence

Definition: careful and persistent work or effort

• She showed great diligence in her studies.
• Diligence is key to achieving success.
• He approached his tasks with diligence every day.

Diligence in a sentence

Discrepancy

Definition: A difference or inconsistency between two or more things.

• The discrepancy in the data raised questions.
• She pointed out the discrepancy in the story.
• Understanding discrepancies is important for accuracy.

Discrepancy in a sentence

Due Diligence

Definition: The careful review and consideration of important information.

• Due diligence is necessary before making big decisions.
• He conducted due diligence before investing in the company.
• Performing due diligence helps prevent mistakes.

Fraudulence

Definition: The act of being deceitful or dishonest.

• Fraudulence can lead to serious consequences.
• The company was accused of fraudulence.
• He was charged with fraudulence after the investigation.

Fraudulence in a sentence

Mitigation

Definition: Actions taken to reduce the severity or impact of something.

• Mitigation strategies help lessen the effects of climate change.
• He focused on mitigation efforts for environmental protection.
• Understanding mitigation can prevent future risks.

Mitigation in a sentence

Negligence

Definition: failure to take proper care; lack of attention

• His negligence led to an accident at work.
• Understanding negligence is essential in law.
• She was sued for negligence after the incident.

Negligence in a sentence

Observation

Definition: The act of watching something carefully to gain information.

• Her observation of the stars was amazing.
• He made an observation about the weather.
• The scientist's observation helped with the research.

Observation in a sentence

Perpetrator

Definition: A person who commits a crime or harmful act.

• The police arrested the perpetrator of the robbery.
• Witnesses identified the perpetrator in court.
• Understanding the mindset of a perpetrator can help prevent crimes.

Perpetrator in a sentence

Transgression

Definition: an act that goes against a law or rule

• The transgression of school rules resulted in detention.
• She learned about the consequences of her transgressions.
• The story was about a character facing a moral transgression.

Transgression in a sentence

Verification

Definition: The process of confirming that something is true or accurate.

• The verification of the report took several days.
• He needed verification of his identity to access the account.
• They conducted a verification of the data collected.

Verification in a sentence