Articles & News On Insurance

Insurance Fraud - Spotting Insurance Scams

The majority of people who commit insurance fraud don't think they're hurting anybody directly. In fact, they think they're hurting major corporations who have enough money that they don't care anyway. This is not the case. In the United States, insurance scams cost an estimated $875 per person anually. It adds up to approx. $80 billion per year, and with the rapid growth of technology, it's getting harder and harder to catch.

There are different types of insurance fraud.

One of the leading forms of insurance fraud is in our health care system. Health care fraud results in over $30 billion per year in the United States. There are two kinds of health insurance fraud: member fraud and provider fraud. An example of member fraud is when you deceive your insurance company by purposely not declaring something, where an example of provider fraud is if you were to bill for a service that was never rendered.

One fast-gorwing form of insurance fraud is automobile insurance fraud. Staged rear-end car accidents are a common form of this type of fraud. This is when a scam driver will stop suddenly in front of a car deliberately so they other car rear-ends them. Another popular scam is when there's already an accident, you add damage purposely in the hopes to collect more money. Often times, this works, which is why it's important to take photographs of the damage.

Another form of insurance fraud is when the beneficiary tries to collect the benefits while the insured is still alive. This is called life insurance fraud. The best thing you can do in this scenario is to know your insurance broker. When you go in to pay your premium on the insurance, don't pay in cash. make sure you understand your policy, and if you don't, bring it to someone who does.

And last but not least, I want to talk about fire insurance fraud. This form of fraud is very common because it's hard to prove. If you lose your house to a fire, who's stopping you from declaring stuff you didn't have in the first place? There is no real way to prevent this kind of fraud. This will haunt you in your taxes and that's about it. The best thing you can do is report it if you hear of anyone making false claims.

As I mentioned previously, the best thing you can do if you're a victim of fraud or if you hear of any sort of fraud taking place, is to report it. You can report fraud to the National Fraud Information Center at 1-800-876-7060. I hope this article has opened everyone's eyes a little bit to how this serious crime is affecting each and every one of us.

Go to Insurance Fraud for information about different types of insurance fraud and scams - automobile, home, life and health insurance fraud and how to spot and report them.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Life Insurance Or Mortgage Life Insurance?
Buying your house is a huge investment, and purchasers are finding that life insurance is a more flexible and less pricey alternative to the mortgage life insurance they buy from a bank. This makes life insurance another brick in the foundation of a good financial plan.

Home Insurance Quote: Home & Renters Insurance
Home insurance comes with many responsibilities, one of which is to have adequate home insurance that not only protects you, but also your family If you rent a house or an apartment, renters insurance is also a good idea

Life Insurance Canada | Life Insurance Protects Your Family From Financial Mess
Life insurance is one expense that everyone should do in order to safe guard your family?s future Many people do not like to invest money in life insurance

Insurance for your Auto and Insurance Quote for You
With the rising frequency of automobile-related accidents, auto insurance is needed more than ever. In fact, auto insurance is compulsory for many of the world's drivers, who cannot go out on the open road without a policy in the first place. In the United States, penalties are placed on drivers without auto insurance. As a responsible driver, you will need insurance for your auto and an insurance quote in order to decide which policy you should purchase.

A Life Insurance Comparison: Whole Life Insurance Versus Term Life Insurance
What type of life insurance might fulfill your assurance needs This article is a life insurance comparison about whole life insurance versus term life insurance

Family Health Insurance Quotes
When it comes to getting family health insurance quotes it is best if you formulate a plan of action first. Actually evaluating what each of the insurance companies have to offer can often leave people feeling somewhat confused. The best thing that you could do is carry out as much research as possible before you decide which company you are going to go with. The best way of doing this is by going online as it makes the whole process of finding and buying health insurance for your whole that much easier to complete.

Car Insurance Online Quotes - Antique Car Insurance
The opportunity to own an antique car is worthwhile because it will likely never be repeated; just like everyday cars though, they require insurance. With such interest in old cars you will not be surprised to learn there are antique car insurance companies that take a particular interest in insuring this type of vehicle. Of course, with so many classic car insurers available, an owner should not have a problem insuring their prized possession and probably won't have to pay over the odds for the service.

Term Life Insurance | Life Insurance is a Must For a Family Person
Are you a family oriented person and are really worried about your family and their future Are you the only person earning in the family

SASid and Markel Insurance Company Introduce Short Term Medical Health Insurance for Individuals and Families
SASid, Inc. and Markel Insurance Company announced today that they have joined together to offer short term health plans for individuals and families. With the new Smart STM plans, consumers will be able to purchase health insurance over the internet or through independent insurance agents or brokers. The plans offer affordable, comprehensive health coverage for a broad array of commonly used health care services, and provide online user reviews and tools to help consumers make educated health care decisions.

Term Life Insurance | Health-Insurance Its Benefits For A Normal Person
Health insurance is something that most people don't think about very often and yet it is something that when comes foremost to mind when a loved one is sick Health Insurance coverage varies across the world, even across the different states in the United States of America

Whole Life Insurance - Health Insurance Policy Can Benefit us in Many Ways
There are three good things in life a little seed in good soil, a few cows in good grass and investing in any of the good life insurance policies as soon as we can We always have to remember that happiness doesnýt depend upon what we think but it always depends upon what we have

2007 Third Quarter Auto Insurance Pricing Report from Leading Auto Insurance Agency, Insurance.com
Insurance.com, the largest online auto insurance agency in the United States, reports that car insurance rates are continuing to decrease depending on geographical location.

Whole Life Insurance | Whole Life Insurance Is Superior Then Other Life Insurance Policies
In most cases where people do not take up a life insurance and if you ask them the reason for not taking up the life insurance, you will come to know that people feel that investing money in life insurance is a dead investment and waste of money But that is not the case if you study and do a research, you will find that people generally get more then what they have invested

Universal Life Insurance | Life Insurance Can Protect Your Family During Tough Times
Many people do not believe in taking up life insurance seriously Either they are careless or they feel that they do not require life insurance for them and that they can take care of their future