Why report insurance fraud?

Many people find it difficult to report suspected insurance fraud. They are not sure where to make a report and do not want to wrongfully accuse someone. Still, it may be wise to report a suspicion. After all, you yourself are the victim of insurance fraud. After all, the more fraud is committed, the higher the insurance premiums are. We explain the types of insurance fraud you can report and where to make this report.

Types of insurance fraud to be reported

Insurance fraud comes in all shapes and sizes. To clarify the situations in which you can make a fraud report, we will briefly explain all types of insurance fraud. Actually, all types of insurance fraud can be divided into two categories: insurance fraud that occurs before entering into an insurance contract and insurance fraud that occurs after entering into an insurance contract:

Lying about concealing information when applying for insurance

On an insurance application, an insurer always asks a number of underwriting questions. Based on these acceptance questions, among others, they decide whether to accept your insurance application. Acceptance questions include:

• Have you ever had a driving disqualification?
• Has your insurance ever been cancelled or declined by another insurer?
• In the past eight years, have you come into contact with the police or justice system as a suspect?

The intent is to answer these questions truthfully. By lying on the insurance application, someone is trying to increase their chance of acceptance and avoid having to buy insurance for a higher premium. If you do not answer the questions truthfully, you are committing insurance fraud.

Intentionally causing damage

It is common for someone to intentionally cause damage in order to get compensation. For example, by staging a collision or anywhere, or by deliberately driving into something. Do you suspect that someone has intentionally caused damage? Then you can always report this. An insurer will then investigate insurance fraud.