The Coalition Against Insurance Fraud says nearly $80 billion in fraudulent claims are made annually in the U.S., across all lines of insurance. It’s also a conservative figure because much insurance fraud goes undetected and unreported.
At one level, insurance fraud is an economic crime costing individuals, business and government billions of dollars a year. But, fraud also can be a violent crime involving personal injury and serious property damage. Insurance fraud also imposes other personal costs such as disrupted lives and families, humiliation and depression, lost jobs, ruined credit and bankruptcy.
After accidents, losses, damage, or anything else of concern happen to, or on, your property, please give us a call. If something seems the least bit suspicious, don’t hesitate to consult us. Checking in with your agent could save you a mountain of trouble.