Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Insurance Claims and other Personal Injury topics.
Reporting a false claim is against the law. You can be fined and jailed for it. It is called insurance fraud. As it costs everyone millions of dollars of annual premiums, insurance companies, authorities, and special investigation units have created networks and other systems to identify possible insurance fraud. Reporting a false or suspicious claim is not worth any monetary settlement you may receive. The consequence of being caught far outweigh any compensation.
|Jennifer Mathes, Ph.D.|