[ad_1]
Insurance fraud is a huge crime across our nation. Right behind tax evasion, it is the second most costly crime among white-collar workers in the United States. Insurance fraud can be defined as any deed that is perpetrated with the purpose to fraudulently gain any sort of payment or compensation from an insurance transaction. This type of deception usually takes place when someone tells a lie, or several, so that they are able to receive benefits or assistance that they would otherwise not be entitled to. It can also happen when someone does not give a benefit when it is entitled. These activities are considered criminal acts and are highly punishable offenses.
The fraudulent claims that can be made through insurance companies are categorized as being soft or hard. Soft fraud is the most common type of fraud and usually takes place when someone exaggerates a claim being made. Hard fraud takes place when someone deliberately plans a deceptive act such as a collision or the theft of their vehicle.
Insurance fraud is not something that only exists on one front but throughout the many branches of the industry. There are a variety of different policies available and misleading people will always find a way to pull one over on the companies that supply these policies. The major areas of insurance where trickery occurs are in the automobile, property, and health care industries.
In the automobile industry there can be a variety of fraudulent claims that can be brought forward. A great deal of claims that are made to car coverage companies are those that stem from automobile accidents of all sorts. The deceptive people that file these claims will assert to having an injury that stems from the accident, when in reality it came from another source or that the damages to their vehicle cost more that they actually did. In more serious instances customers have actually staged accidents, putting their lives and others lives in danger.
When it comes to property coverage some people will go to great lengths to try and receive compensation when it is something that they don’t deserve. The untrustworthy people that file claims in this industry will often demolish their own property in hopes of being compensated for not only the property that was destroyed, but well beyond the worth of what was lost. Many claimants will also exaggerate the extent of what was lost and its value so that they can receive a greater amount of compensation.
Medical fraud, or deceit in the health care industry, is a widespread problem. In the health care industry it is not always just the patients that are conducting fraudulent activities, but also the physicians. Many doctors will bill a patient, or their insurance company, for a more expensive treatment than the one that was actually received. Patients, who also have a hand in medical fraud, will sometimes report injuries that do not exist.
About ten percent of American people have said that they would commit insurance fraud if they wouldn’t get caught. This is a disturbing amount of people. This is a crime that could be greatly decreased if more people took a more honest approach to filing their insurance claims.
[ad_2]
Source: http://ezinearticles.com/?Insurance-Fraud-Occurs-in-Many-Different-Industries&id=1244815
