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.