Insurance Fraud Cases

Insurance fraud involves knowingly providing false or misleading information to an insurance company to gain something of value, such as a lower premium or a fraudulent claim payment.

Here's a more detailed explanation:

What it is:

• Deceptive Act: Insurance fraud is a deceptive act committed against an insurance company, often for financial gain.
• False Information: It involves making false or misleading statements, either written or oral, to an insurance company.

Examples:

• Falsely reporting a vehicle as stolen.
• Staging an accident to collect insurance money.
• Exaggerating the amount of loss on a claim.
• Providing false information on an application form to get a lower premium.
• Faking a death to collect on a life insurance policy.
• Misrepresenting the location of a vehicle to obtain lower rates.
• Misclassifying damage to property (e.g., flood damage as wind damage).
• Bid-rigging by contractors, falsely inflating the cost of repairs.
• Contractors require upfront payment for services, then fail to perform the agreed upon repairs.
• Charity fraud scams designed to misappropriate funds donated for disaster relief.

Consequences:

• Insurance fraud can have serious consequences, including:
• Prison time.
• Fines.
• Legal fees.
• Restitution.
• Court costs.
• A felony charge on your record.
• Damaged relationships with friends and family.

AWDA GPS has been doing these cases for over 30 years.