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Assets Checks

The purpose of an Assets Check

Assets checks are conducted primarily for third party actions but also performed in some cases of fraud. The purpose of an assets check is to obtain as much information about an individual’s personal or a company’s business assets including all personal property, wages earned or any other identifiable forms of income. This information may be helpful in determining the feasibility of filing a third party liability or other recovery suit against an individual(s).

In order to perform a thorough assets check, it is important to obtain the name, address, social security number, and date of birth of the party. This information will be easy to obtain if the party is a Claimant of record. On assets checks on other parties, information may be gleaned from external data bases for records such as:

  • Police reports
  • Motor vehicle accidents reports
  • Insurance policy information
  • Claims database

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