Monthly Archives: | April, 2013

Fraudulent insurance claims hurt everyone

Those who consider insurance fraud to be a victimless crime should think again. After all, The Coalition Against Insurance Fraud (did you even know there was one?) has estimated that fraudulent insurance claims cost roughly 90 billion a year in stolen claims. That’s not even considering the social costs, or rather, what it’s costing the average tax payer to recoup these losses. And when you start to add up the costs associated with lost productivity of businesses, lost savings for individuals and the costs to investigate and prosecute these cases, the totals continue to rise. Everyone has heard of at least one or more false insurance claims, from burns from hot coffee, a mouse in the soup, a fake slip and fall to some more gruesome fraudulent insurance claims such as real murder, torched houses and cars and hit and runs, some people will go to great lengths in an attempt to scam their insurance companies in the hopes of bilking money. If there is a system, you can guarantee someone is trying to figure out a way to scam it. Within every insurance field there are thousands if not millions of people looking for the loophole. Companies such as

Four Ways Fraudulent Insurance Claims Have A Widespread Negative Impact

Are you thinking about filing an insurance claim that is fudged a bit or that is entirely false in nature? Think again. Before you consider how getting a few extra bucks from an insurance provider by filing a false claim can help you to pay bills or handle any other necessary expenses, think of what will happen should you get caught. Below, four ways in which fraudulent insurance claims lead to problems are detailed to virtually talk you out of filing a bad claim. One, fraudulent insurance claims are punishable by fines and potentially imprisonment if your false claim took it beyond normal levels and into more illegal territory. There are full time employees working at these insurance companies whose sole responsibility is to sniff out these fraudulent insurance claims, so think twice before filing such a claim, even if to the naked eye everything seems kosher. You avoid jail time and hefty fines, which is the complete opposite of getting reimbursed and getting away with it. Two, fraudulent insurance claims stay on your permanent record if you get caught, so think about that before you decide to file any funny insurance claims. You get flagged even for having something

Driving on Your Own Insurance

Elephant Insurance Claims offer online insurance for people who want to insure their vehicles. Of course, as an auto insurance company, Elephant Insurance Claims is aware of the fact that there are a lot of false insurance claims and fraudulent insurance claims in the world, which have to be distinguished from funny insurance claims. Elephant Insurance Claims is one example of a company that deals with insurance claims all the time. And there are many ways for people to make false insurance claims. For example, sometimes, if people want to collect on automobile insurance, they will leave their vehicle in a high crime rate neighborhood with the keys still the ignition and the doors unlocked and claim that the car was stolen. Sometimes, to collect on insurance claims they will crash the car into a ditch or a tree. This enables them to make claims on the car for damages of which they themselves were the case. It is for this reason that, sometimes, Elephant Insurance Claims and companies like them will employ a private investigator if there is any suspicion as to how the damages came about. That being said, people who have an insurance claim and whose cars