10 Insurance Scams Homeowners Frequently Try to Pull
Posted on January 14th, 2012
Many homeowners fudge values a bit or make less-than-honest estimates when filing a claim with their homeowners insurance carrier with the attitude that theyre only taking back money that theyve already paid. This attitude is not only criminal, but also costs the community money in raised premiums across the board. Here are some of the most commonly filed bogus homeowners insurance claims.
The Insurance Information Institute estimates that fraudulent claims on homeowners policies cost insurers up to $30 billion per year. As a result of incurring this staggering expense, insurance companies raise premiums and rates; committing insurance fraud isnt just stealing from your insurance carrier, but also from your neighbors.
Similar Posts:
- Fraud Makes Finding Cheap Car Insurance More Difficult
- Stop Paying Crooks: Get Tough on Health-Care Fraud
- More at Stake than Medical Loss
- Groupama Insurances names corporate claims director
- Florida Health Insurance Companies Owe Big Time
Tags: Homeowners, Scams Homeowners
Filed under Insurance Help |