Insurance Fraud Can Happen to You

July 21, 2009 - PRLog -- Chicago (InsuranceAgents.com) – Insurance fraud is a very serious matter that affects people all across America. Insurance fraud is when people try to unethically receive money from their insurance company due to damages to themselves or their property that they caused. Insurance policies are designed to protect you and your things in case they are damaged by uncontrollable forces, like car accidents, fires and robbery, they are not designed for consumers to crash their car or set their house on fire in order to collect money.

http://www.insuranceagents.com/insurance-fraud.html

According to an InsuranceAgents.com article, “The Dangers of Insurance Fraud”, there are two types of insurance fraud. “Soft insurance fraud is when regular insurance customers tell relatively small lies to their insurance company to lower their premiums”, states the article, “While hard insurance fraud is when someone purposely fakes an accident, injury, theft or arson in order to collect money from their insurance company.” Both types of insurance fraud are illegal and punishable by law when you are found guilty and it involves more people than you may realize. When people set fires and intentionally cause accidents, these acts can lead to the injury and even deaths of others. On top of insurance fraud charges, you will be charged with any other damage these acts have caused to others and their property.

If you believe you have become a victim of insurance fraud and would like to report it, contact your state insurance department for further information. You can also speak with your insurance company or agent to help you investigate any suspicions further.

Visit InsuranceAgents.com for further information.

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