Augusta
VIP Contributor
Humans like to take advantage of a system. So looking for a way to get money off the insurance company isn't an exception. But everyone need to know when caught it comes with punishments.
Committing an offense like this in insurance is termed insurance fraud. There are two types of frauds the soft insurance fraud and the hard insurance fraud.
Soft insurance fraud is when there's an exaggeration of an existing claims. I.e. Stating more damages or losses than they are. This comes with a little jail term, fines or community service
For the hard insurance fraud this is when one outrightly forged claims or cause the loss just to get money from insurance company. This is more serious and will lead to be sued and jail term in prison for several years.
So the best bet is to avoid any dubious claims.
What do you think?
Committing an offense like this in insurance is termed insurance fraud. There are two types of frauds the soft insurance fraud and the hard insurance fraud.
Soft insurance fraud is when there's an exaggeration of an existing claims. I.e. Stating more damages or losses than they are. This comes with a little jail term, fines or community service
For the hard insurance fraud this is when one outrightly forged claims or cause the loss just to get money from insurance company. This is more serious and will lead to be sued and jail term in prison for several years.
So the best bet is to avoid any dubious claims.
What do you think?