Why Full Coverage Auto Insurance is Important

One of the best challenges insurance corporations face is the ferreting out of coverage fraud. Wherever there may be a risk that a person can get paid for submitting a fraudulent declare, there also are stupid folks that are willing to give it a try.

Here are a few current examples. The names were left out to protect the stupid:

1. Arson (I like this tale due to the restaurant’s call.)

JACKSONVILLE BEACH, FL: Two men were arrested and charged with Harrison Township MI Insurance insurance fraud after a 2008 hearth at Wakey, Wakey Eggs & Bakey. The hearth was set within the kitchen after the restaurant closed on May 5, 2008, and caused over $two hundred,000 in damages.

One of the owners became arrested and charged with arson and filing fake coverage claims. Mr. T., a contractor, changed into also arrested at the same rate. The constructing’s owners had just evicted the restaurant proprietors for defaulting on the lease.

2. Dumb Insurance Adjusters…There are a gaggle of them.

BALTIMORE, MARYLAND: A Maryland woman pleaded guilty to writing organization exams to herself and depositing the cash into her personal checking money owed while she turned into an insurance claims adjuster.

A female pleaded guilty to one matter of prison theft over $500. She changed into sentenced and ordered to pay back over $16,000 she had stolen from Nationwide Insurance Company between September 2006 and September 2007.

Three. Hometown Insurance Fraud…I ignored out on all the amusing.

KENT COUNTY, MICHIGAN: Grand Rapids, Michigan is called the Furniture City, and is getting a recognition as a hub for scientific studies. But now it’s become the Michigan Mecca for insurance fraud. Three of the top Five insurance fraud cases in Michigan in 2009 had been committed in Kent County.

The top case became perpetrated by a dermatologist who bilked Medicare and other health insurers for over $2 million. He is in prison serving a 10-year sentence for double billing and fee for work he did not perform. The doctor owned a Tudor mansion on Reeds Lake, which he attempted to sell for $7.7 million, and it become lately auctioned off with the aid of the bank for $1.75 million.

Next case worried an 80-yr-antique man who paid a former worker to torch his enterprise so he could acquire over $three hundred,000. Third is an Alpine Township man who turned into sentenced in August to at the least six years in prison for selling $forty counterfeit insurance rules to nearly 500 humans.

Insurance fraud is extreme business, since claims paid on fraudulent claims cost ALL people better rates. It’s no exceptional than shoplifting at a retailer. Stores truly upload the price of their “shrinkage” to the fee of the goods you and I pay for. Report any suspected coverage fraud to the police. And know that maximum of the time, criminals get caught.