Insurance fraud has victims. When people commit the embezzlement, the company will be forced to increase the premiums of innocent people so they pay for the increased insurance costs. In an year, it is estimated that companies will lose billions of money due to embezzlement and this cost is passed on to innocent consumers. If you witness any insurance fraud orange County CA you should report it to the relevant authorities.
One of the most common scams is in regards to cars. One of them is of a stolen car scam. This can be done in different ways by different people. One of the ways is where the car owner will sell their car to a body shop. The body shop will then cut it up and sell the parts. The owner will report the car as stolen and they will receive compensation. The body shop owners are in on it too and they will therefore not report it.
The other scam involving cars is the car accidents scam. In most cases the driver who is also the victim in the accident is in on the scheme. They shall also have officials that do the investigations in it too. The by standers that will give their statements might also be in the scheme too. The company will have to pay for two totaled cars.
One most common scam is the car damages scam. The owner of a car will in this case report that their car has been in a car accident and they need some money to fix it up. They will conduct an estimation of damages and the company will pay for it. The owners even after getting the money will not take the vehicle to be fixed. Since they are small damages most people get away with it.
It is not only car owners that are involved in the fraud. The health professionals are also on it too. There are several ways that they can execute this. One of the most common ways is where the doctor will bill a really high amount for a simple procedure that is not as expensive. In most cases the patients will not even know what is going on.
Another form of scam is when they ask you to go in for unnecessary procedures and testing. There are instances when you go in to the doctor with a sore arm and later the doctor orders for blood tests that your arm has nothing to do with. This is also another form of scam that is conducted by health professionals in their line of duty.
Every year home owners take home millions from the insurance companies by staging home fires. This is a common scam with home owners. This is done in several ways they do this. One of them is when the home owner removes important items before the fraud takes place.
The other way that home owners fraud the companies is when they make sure that the company knows of all the valuable items in the house. They then proceed to destroy these items. Sometimes they might hire criminals to set the home a blaze.
One of the most common scams is in regards to cars. One of them is of a stolen car scam. This can be done in different ways by different people. One of the ways is where the car owner will sell their car to a body shop. The body shop will then cut it up and sell the parts. The owner will report the car as stolen and they will receive compensation. The body shop owners are in on it too and they will therefore not report it.
The other scam involving cars is the car accidents scam. In most cases the driver who is also the victim in the accident is in on the scheme. They shall also have officials that do the investigations in it too. The by standers that will give their statements might also be in the scheme too. The company will have to pay for two totaled cars.
One most common scam is the car damages scam. The owner of a car will in this case report that their car has been in a car accident and they need some money to fix it up. They will conduct an estimation of damages and the company will pay for it. The owners even after getting the money will not take the vehicle to be fixed. Since they are small damages most people get away with it.
It is not only car owners that are involved in the fraud. The health professionals are also on it too. There are several ways that they can execute this. One of the most common ways is where the doctor will bill a really high amount for a simple procedure that is not as expensive. In most cases the patients will not even know what is going on.
Another form of scam is when they ask you to go in for unnecessary procedures and testing. There are instances when you go in to the doctor with a sore arm and later the doctor orders for blood tests that your arm has nothing to do with. This is also another form of scam that is conducted by health professionals in their line of duty.
Every year home owners take home millions from the insurance companies by staging home fires. This is a common scam with home owners. This is done in several ways they do this. One of them is when the home owner removes important items before the fraud takes place.
The other way that home owners fraud the companies is when they make sure that the company knows of all the valuable items in the house. They then proceed to destroy these items. Sometimes they might hire criminals to set the home a blaze.
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