Take a Stand Against Insurance Fraud.
Whether you know it or not, you are already the victim of insurance fraud. In fact, we all are.
According to the NICB, scams and inflated claims push up the average American family's auto insurance premiums by as much as $300 per year. In the worst cases, this crime can put the lives of you and your family members in danger. Protect yourself and those around you by learning what to look for, and what you can do to stop fraud.
How to Spot An Insurance Scam
Fraud comes in many forms, but some are easier to detect than others. In the worst cases, criminals devise elaborate scams with faked injuries or staged thefts to collect on insurance policies. Some of the common scams include:
- Intentionally destroying property or a vehicle, then lying to insurers about the alleged "accident."
- Faking an injury to collect disability, workers' compensation, or a personal injury insurance claim.
- Making a false theft report, when the property "stolen" has been hidden or destroyed.
Protect Yourself At Home
If you own a home, especially in areas of the U.S. that experience severe weather conditions, be mindful of:
- Shady Contractors: After heavy storms or hail, homeowners are sometimes approached by criminal-minded contractors who offer to further damage the home before the claims adjuster arrives.
- Staged Break-Ins: Some desperate homeowners have hired thieves or vandals to break in and steal or destroy their property. When caught, that homeowner faces criminal charges.