Types of Insurance Fraud

Most  P opular  T ypes of  I nsurance  F raud   The will to make big money in a small time-frame often leads people to wrong paths. One of these shortcuts that people tend to take is the way of insurance fraud. Insurance policies are there to reduce risks, and insurance frauds create irony by increasing the risk for society. There are many types of insurance fraud that have been committed in the past and are ongoing. Some insurance frauds are more popular than others. Some common scams are:    Disaster fraud: The cost of disaster insurance has been increasing rapidly. As more and more natural disasters such as hurricanes and earthquakes are becoming prevalent, disaster fraud is also gaining importance. However, during natural disasters, it is difficult to cross-verify claims as there are many claims, and the damage is vast. In such tough times, people tend to take advantage of the situation and make false or inflated claims for ...