Have You Committed Insurance Fraud?
I’m an honest person so there’s no way that I would commit insurance fraud!!!! That’s how most of us feel. I know most people are honest and they wouldn’t think of doing something like insurance fraud. Insurance fraud cost consumers about $40 billion a year according to FBI statistics . That cost to every family in the U.S. $400 - $700 a year. There are two types of fraud. One is called hard insurance fraud and the other is soft insurance fraud. Hard insurance fraud is committed by people that scheme against the insurance company for profit. Some examples of this would be. 1. Someone that files a theft claim and declare items stolen that weren’t. 2. Setting fire to a vehicle to get the full payout. 3. Someone that fakes an injury to be able to not work and get paid. 4. Agent takes money for a policy but never issues the policy. 5. Stage an accident to collect medical payments. Soft fraud is more common and people do it wit