Private Investigations and Personal Security/Insurance rewards

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Question
i,

A long while back, I watched a TV series called "Banacek" in which this private investigator usually finds some object or person who/which has been insured for millions with an insurance company, and Banacek invariably gets 10 percent of the money the object etc. was originally insured for, as a reward for recovering it. I was wondering if this was based on fact? Or do PIs get much smaller sums in such cases? If so, how much is usual?

But this is outside of my expertise.  

Answer
Monies paid by insurance companies for the return of stolen or missing insured items are paid on a case by case basis.

I have been paid as much as 20% for the return of stolen property.

And many insurance companies will actually not pay for the return. They figure its cheaper just to factor in the losses to their actuarial tables and to make up for the losses by just charging high premiums.

I enjoyed the program Banachek, George Peppard was a good actor

Private Investigations and Personal Security

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Nichols (Nic) J. Smith

Expertise

I can answer almost any question with regards to the individual state laws concerning private investigators; best practices and procedures used in private investigations;how to determine if the agency or investigator you are contemplating using is sufficiently qualified to do the work and if an investigation was conducted in accordance with the standards of practice and care used in the professional investigative industry. I can also direct you with regards to doing your own research in certain situations, such as finding someone who owes you money. I can steer you through the database "minefield" with regards to which databases contain useful information and which don't. I can also advise regarding the kind of information that you can legally obtain and what's not legal.

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Awards and Honors
Life Fellow- American College of Forensic Examiners

Past/Present Clients
Morgan Lewis and Brockius (Int'l Law firm) Sedgwick, Detert (Int'l Law Firm) Bingham McCutheon (Int'l Law Firm

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