Jun
29

How Fraudulent Insurance Claims Increase Policy Rates

Fraudulent insurance claims

You may find it surprising how false insurance claims cost people billions of dollars every single year in the United States. Insurance companies are doing everything they can to catch people making fraudulent insurance claims. If you are currently under an investigation for your insurance claim, do not take it personal. Insurance companies hire private investigators for insurance claims that sound suspicious. How do private investigators determine whether they have found fraudulent insurance claims or not? There are a few key signs that investigators look for, one of which is the cost of an insurance claim. The majority of fraudulent insurance claims involve big bucks.

However, there are plenty of non fraudulent claims that involve big bucks as well. For example, a homeowner who experienced a home fire will involve a lot of cash for repairs and remodeling. A certain percentage of home insurance claims are actually fraudulent. Investigators will interview the homeowner, analyze the scene, and do a significant amount of research to make sure there are no false claims made by the policyholder. In some cases, homeowners will set their own home on fire to gain compensation to build a new home. This type of claim is not very funny when you consider the impact that elephant insurance claims make on policyholders.

If you want to find perfect examples for funny insurance claims, you do not have to look very long online. Funny insurance claims involve people making big mistakes on their claims. For example, you might find it funny how some people set up a fake car accident to receive compensation. These types of fraudulent insurance claims are one of the reasons why people’s car insurance premiums continue to climb. The good news is there are plenty of ways to avoid high insurance premiums. You can compare prices and rates between companies, but you need to read contracts thoroughly for hidden fees and charges.

Written by Seattle News Stations. Posted in False insurance claims, Fraudulent insurance claims

Comments (6)

  • October 3, 2013 at 9:17 am |

    My buddy of mine recently filed a false insurance claim. He said he paid someone to steal his truck. They probably took the truck and sold it in Mexico.

  • Mark Weaver
    February 25, 2014 at 10:23 pm |

    I’ve actually thought about making a false car insurance claim because of how high my premiums are.

  • Mark Hayes
    March 28, 2014 at 1:28 pm |

    I’ve actually thought about making a false car insurance claim because of how high my premiums are.

  • April 27, 2014 at 3:35 pm |

    I’ve actually thought about making a false car insurance claim because of how high my premiums are.

  • Mia Garrett
    May 27, 2014 at 3:38 pm |

    I’ve actually thought about making a false car insurance claim because of how high my premiums are.

  • Harry Mathews
    June 26, 2014 at 3:39 pm |

    I’ve actually thought about making a false car insurance claim because of how high my premiums are.

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