Providing Evidence for a Recent Robbery

June 10, 2010
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In case someone breaks in to your house and took important things like family heirloom, how can you prove to your insurer that it has definitely been stolen? You cannot blame an insurance company if they would not believe you at first. That’s why it is important for you to follow certain steps after a burglary. Continue reading below.

1. Right after a robbery, do not rearrange the mess the burglars did. Let the insurance company see it for themselves.

2. Prepare some proofs that you indeed have that specific item which has been stolen. For example, receipt of purchase or photographs.

3. Lastly, ask for the assistance of a loss assessor. Let…

States Struggle to Fight Insurance Frauds

January 17, 2010
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We know everyone wants to cut their expenses and get extra income. However, is it acceptable to say drastic times call for drastic measures? Due to the lingering effects of the economic downturn, it seems that many people now act against the law and even their personal regulation, and do what we can call is a desperate act to bring in additional resources for the family.

Based on a study released by the Coalition Against Insurance Fraud, an organization partially funded by the nation’s largest insurance companies, fraud fighting bureaus are seeing a significant spike in cases.

“The troubled economic climate confronts many fraud bureaus with the severest challenge they’ve faced in…

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Filed Under: Insurance Fraud, Insurance Industry

Insurance fraud on the rise

June 23, 2009
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Recession is not only causing financial awry but it has forced many to resort to unfair means of getting hold of cash. As far as the auto insurance industry is concerned, insurance fraud has increased manifold. Reports suggest that many insurance policyholders are not keeping any stones unturned to get financial relief so that they can make ends meet. Auto insurance policyholders, who are not able to make payments for their premium etc, have found easy solutions for their problems. They are pushing their cars down the cliffs or setting fire to their vehicles. Many have also pushed their cars into lakes. The proceeds of the claim can help them…

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Filed Under: Insurance Fraud