| > | | | | accidents are a common form of this type of |
| Types of insurance fraud and scams - automobile, | | | | fraud. This is when a scam driver will stop |
| home, life and health insurance fraud. How to spot | | | | suddenly in front of a car deliberately so they |
| and report them. | | | | other car rear-ends them. Another popular scam |
| The majority of people who commit insurance | | | | is when there's already an accident, you add |
| fraud don't think they're hurting anybody directly. | | | | damage purposely in the hopes to collect more |
| In fact, they think they're hurting major | | | | money. Often times, this works, which is why it's |
| corporations who have enough money that they | | | | important to take photographs of the damage. |
| don't care anyway. This is not the case. In the | | | | Another form of insurance fraud is when the |
| United States, insurance scams cost an estimated | | | | beneficiary tries to collect the benefits while the |
| $875 per person anually. It adds up to approx. | | | | insured is still alive. This is called life insurance |
| $80 billion per year, and with the rapid growth of | | | | fraud. The best thing you can do in this scenario is |
| technology, it's getting harder and harder to catch. | | | | to know your insurance broker. When you go in |
| There are different types of insurance fraud. | | | | to pay your premium on the insurance, don't pay |
| One of the leading forms of insurance fraud is in | | | | in cash. make sure you understand your policy, |
| our health care system. Health care fraud results | | | | and if you don't, bring it to someone who does. |
| in over $30 billion per year in the United States. | | | | And last but not least, I want to talk about fire |
| There are two kinds of health insurance fraud: | | | | insurance fraud. This form of fraud is very |
| member fraud and provider fraud. An example of | | | | common because it's hard to prove. If you lose |
| member fraud is when you deceive your | | | | your house to a fire, who's stopping you from |
| insurance company by purposely not declaring | | | | declaring stuff you didn't have in the first place? |
| something, where an example of provider fraud is | | | | There is no real way to prevent this kind of |
| if you were to bill for a service that was never | | | | fraud. This will haunt you in your taxes and that's |
| rendered. | | | | about it. The best thing you can do is report it if |
| One fast-gorwing form of insurance fraud is | | | | you hear of anyone making false claims. |
| automobile insurance fraud. Staged rear-end car | | | | |