Insurance fraud is common across our country. Insurance fraud costs everyone and the ones it hurts the least are the ones who commit the crime. Well, actually, it hurts those who don't get caught the least. Those who get caught can face several years of jail time and fines. The best recipe for avoiding insurance fraud is to make people aware of the potential ramifications of making false claims and to report it if you see it. If you know someone is filing a claim or a complaint based on false or exaggerated information, you will be doing yourself a favor along with all other premium payers to report the situation. You can report it to your boss, your insurance carrier, your insurance department, or the local authorities depending on the situation.
September 4, 2014