5 Examples of Insurance Fraud

If you are filing an insurance claim on your homeowner’s policy, you want to make sure you get the payout that you are entitled to. Taking the time to ensure your claim is filed properly and completely right from the start will help avoid delays and get your claim properly settled. Unfortunately, many people are tempted to try to increase their claim through insurance fraud. While it may seem like an easy way to get a little extra money, it can come with very serious penalties. Insurance Fraud is a felony and come with serious fines and even jail time. The following are some of the more common types of insurance fraud, all of which should be avoided.

Claiming Losses on Items You Didn’t Own

One of the most common types of insurance fraud is the simple act of adding items onto the claim, even if you never had them. For example, if your home was broken into and you had a number of things stolen, your insurance policy should compensate you for your losses. It would be fraud, however, to claim that you had 100 Blu-Ray movies when you only had 50, or to claim that a brand new gaming system was taken when you either had no gaming system at all, or it was an older model.

Adding Damage from Previous Events

If a storm comes through your area and causes damage to your roof, it will likely be covered by your insurance company. If you also say that a piece of siding was blown off in the storm, but it actually came off while you were hanging Christmas lights the previous year, this is considered insurance fraud. Even if the siding damage was caused by a previous storm and you just didn’t make a claim, you can’t add it to the current claim. If the previous event should be covered, you’ll have to file them separately and pay the deductible with each one to avoid committing insurance fraud.

Making Up Events

If you have a big-screen television that has stopped working, but is out of warranty, it can be costly to fix or replace. Some people have waited until a thunderstorm comes through, and then file an insurance claim with their homeowners insurance company saying that their home was struck by lightning, frying the television. If the insurance company does an investigation and finds that your home didn’t actually experience this type of electrical event, they could charge you with insurance fraud.

What to Do if You are Accused of Insurance Fraud

As mentioned above, insurance fraud is a very serious crime and one that the courts won’t ignore. If your insurance company accuses you of fraudulent activity on a claim, you need to act fast to protect your rights. Contact Barnard Law Office to schedule a consultation and prepare your defense.

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Barnard Law Offices

The Barnard Law Offices, L.P. has been protecting the rights of Floridians for four generations. Together our attorneys bring years of insurance claim advocacy and trial experience to the table. We don’t believe in half-hearted measures when it comes to proving your claim: after inspecting the damage to your property, our office will engage or connect you with high-quality third-party professionals to assist you with your claim and assess your property damage. Our talented team is dedicated to serving each client’s needs with a passion and commitment that makes us stand out among our peers.

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