Insurance
fraud is a serious crime that costs all insurance consumers and
insurance companies a lot of money.
Educating
your self is the only way to avoid insurance fraud. Read the full article and
discover how to avoid being scammed by insurance scammer.
Many people think of insurance fraud as a victimless crime when, in
fact, honest policyholders end up being victimized, because most insurance companies base
their rates on the cost of doing business. So, when cost go up because of fraudulent claims,
all policyholders end up paying the price. We all need to be aware of fraud
and be willing to report it when we suspect it.
Fraud
criminals specialize in staged accidents, car theft and accidents,
health insurance scams, identity theft, investment scams and the list
goes on and on. Insurance fraud can be committed by both a member and a
provider. One fairly common type of fraud
people commit is buying coverage after their property has been damaged.
Take a look at some
types of insurance fraud:
Report
insurance fraud to
authorities. Insurance fraud drives up
the cost of insurance for everyone and has
reached epidemic proportions in the United States, Canada, Europe and
all over the world. It shows no signs of abating.
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