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  • Dean Smith

Basic Asset vs. Comprehensive Asset Investigations

Asset investigations are a crucial tool and recovery procedure used by insurance carriers when they have disbursed funds for damages after an auto accident, workers’ compensation claim, etc. For subrogation purposes, our clients need to find out what assets the claimants or liable parties possess to recover those funds.

When deciding to run an asset investigation, it is important for us to inform you the difference between a basic asset investigation and a comprehensive asset investigation. A basic asset investigation will provide our clients with confirmed addresses of an individual and ownership details of the confirmed property, possible employment, spousal name, preliminary liens, judgments, UCC filings, etc. Our databases utilize the name, date of birth and social security number of a claimant or liable party to discover the aforementioned information. ICU’s investigative staff also supplements our database work with an Internet Profile Report (social media and internet search). If employment of the claimant is established, it is imperative to the investigation and assists our clients in their decision to subrogate. If derogatory information is developed during our search, this can also help make financial decisions on behalf of the claimant or liable party.

A comprehensive asset investigation is a more in-depth search that includes a personal profile of the claimant or liable party, Internet Profile Report, and the following to supplement the basic information (addresses of an individual and ownership details of property, possible employment, spousal name, preliminary liens, judgments, UCC filings, etc.) already developed. ICU’s investigators run a litigation search to obtain official suits, judgments, bankruptcies, and liens, as well as a civil litigation search. Our databases allow us to uncover possible current motor vehicle ownership to include boats and recreational vehicles, litigations records, tax assessor records, real property ownership, UCC filings, corporate affiliations, AKA’s, associated social security numbers, and professional licenses. These findings will assist our clients in their decision whether or not to move forward with subrogation.

Please note, if the location of an individual is an issue and a driver’s license number or tag is available, please provide this information to ICU, as it is a useful tool to this investigation.

Contact ICU today to discuss the asset investigation that will suit your needs!

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