Insurance Fraud Scams
There are billions of dollars lost each year to insurance fraud schemes and scams around the world. Just like in the movies, some of these insurance swindles are centered around murder plots and mishaps.
Not all though, in fact several people involved in insurance crimes range from your everyday auto drivers to patients and doctors.
Insurance fraud is a high risk game that comes with a high pay out. For most con artists, this easy money is what makes it glamorous to them and is why there are millions of dollars spent each year trying to de-fraud these scams.
If caught, the criminal is looking at some hefty jail time and/or fines.
In order to understand the different aspects of insurance fraud scams, we suggest you review the following types of insurance fraud below.
Life Insurance Fraud :
We have all heard the stories of murders for the sake of collecting life insurance pay outs. However, we seldom hear of those who make their monthy payments against the life insurance policy only to find out that they have been paying a fake insurance broker and no such policy exists.
Auto Insurance Fraud :
Many cases of automobile insurance fraud crimes include claims for previous damages and even staged accidents. Auto insurance companies suffer huge financial losses from these acts each year. As well, there are those that drive without insurance or even a drivers license.
Disability Fraud :
Many times people who claim disability are exagerating or flat out falsifying their injuries. This is an easy pay out for many. They claim severe injury when there is actually no injury at all. Then walk away with a large sum of money.
Health Insurance Fraud :
There are many crooked doctors who participate in health insurance fraud. They are signing off on fake documents, providing fake notes and even handing out unauthorized drug prescriptions. Authorities come down hard on these types of crimes. They hurt everyone.
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