Insurance Fraud

12 months ago

Insurance Glossary Team

1 minute

Plain English Definition: Intentional deception to gain benefits from an insurance policy.

What Insurance Fraud really means for someone with an insurance policy

Insurance fraud involves false claims or misrepresentation to receive unentitled insurance payouts. It can lead to criminal charges and policy cancellation.

Insurance Fraud Real World Examples

Filing a false claim for a staged car accident.
Exaggerating home damage after a storm to increase a payout.
Submitting fake medical bills for non-existent treatments.