Various types of insurance fraud

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Insurance fraud is widespread in most countries and the United States is no different. You can find insurance fraud in several areas such as health, automotive, life insurance, insurance fraud, etc., the tourism industry into a lucrative business for criminals, which is very simple, "" plans, "identify evidence and the required insurance coverage for damage or loss intentionally performed.

Some of the different types of> Insurance fraud are:

Life Insurance Fraud:

Life insurance fraud costs insurance companies billions of dollars a year. Most people take a life, so that their families for financial services, what should happen to them are provided. However, there are some people whose aim is to deceive the life insurance. A person who guarantees a life-threatening disease or illness due toInsurance and then dies before the qualifying period.

In other cases, the person who can guarantee a policy of high pay, go missing after the waiting period. Report of a missing person is presented with the police and if the person was not found after 7 years, he or she is declared legally dead. To receive the proceeds of the policy, the recipient must wait seven years. If death occurs in a car accident, and the person is lost then, he may be dead before explained. But in allthese cases, the person is not a reality. It's all a trick to cheat the insurance company.

Auto Insurance Fraud:

According to reports of insurance fraud car insurance companies more than 12.3 billion dollars annually. New approaches have been developed by fraudsters to defraud insurance companies. The most popular type of automobile insurance fraud is expected, collisions or accidents if the person intentionally colliding with ainnocent drivers, which makes a real impact. In this way, the insurance will be claimed as the insurance companies can not see how the fraud seemed like an accident.

Travel Insurance Fraud:

Travel insurance can protect you lost your luggage, or if during a vacation, or if your flight is delayed ill. These reasons are sufficient for fraudsters claim. With the help of aDishonest Doctor feigns an illness and a person who shows proof of his illness and subsequent treatment of travel-related insurance losses. Luggage fraud must be performed at regular intervals. Here, people tend to overestimate the value of their luggage at the time of application.

Health Insurance Fraud:

Health insurance plan, such as Workers Compensation, Medicare and Medicaid insured person so that they have access toHealth care, if something unexpected happens. These plans also include coverage of disability. Many people use this to complain about coverage of pain that are difficult to diagnose. The reason for this is a disability insurance so you do not return to work.

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