Homeowners insurance fraud is not only illegal but it costs everyone in the form of higher premiums, more costly repairs and other problems. Learn how you can identify and protect yourself from homeowners insurance fraud or what to do if you suspect insurance fraud in your neighborhood.
Look out for people intentionally causing damage or more damage to property. After the hurricanes of recent years one sad fact became clear: some people took advantage of an already serious situation and made the damages even worse in an attempt to commit insurance fraud. The media was rampant with stories of fraud, misconduct and excessive claims.
Just say "no" to contractors, repairmen or others that suggest building in excessive fees to "cover the deductible" or "create" the illusion of more damage than necessary.
Watch out for fake losses. From phony break-ins to unlikely claims for valuables never owned, it is considered insurance fraud if people overstate the amount of a loss or claim a loss that didn't really take place.
Report Insurance Fraud. If you suspect insurance fraud report it by contacting the National Insurance Crime Bureau at: 1(800)-TEL-NICB (835-6422).
The above-listed tips are for informational use only. Refer to your insurance policy contract for specific information regarding your coverages and for actual terms, conditions and exclusions. The above statements are general in nature and may or may not reflect the actual terms of your insurance policy.