Insurance fraud can cost you hundreds of dollars every year, and you may not even know it is happening! According to the 2012 KPMG Auto Insurance Anti-Fraud Task Force, the impact for auto insurance customers in Ontario is estimated to range from $166 to $236 on average per premium.
So, what do you do to combat auto insurance fraud when you may not even have known you were affected? The first step is recognizing the signs, and the second step is to report it.
To start, you should review your benefit statement letter often. This statement lists your auto insurance billing details and anything that you have paid for the year. If something seems out of the ordinary, or you have paid too much, contact your insurance adjuster right away.
Additionally, you will want to contact your insurance adjuster in the following situations:
- You were approached or encouraged by someone who asked you to submit a false or exaggerated claim.
- You were promise financial compensation for submitting an exaggerated or false claim.
- You were asked to exaggerate injuries sustained from an accident on your claim.
- You were asked to sign a blank attendance sheet for past or future medical visits.
- Someone at a treatment clinic asked you to sign blank forms.
- There are claims submitted on your behalf for services you did not receive, or from a clinic or health provider you have never seen.
There are also several things you can do to report insurance fraud, such as using the Auto Insurance Fraud Hotline through the Financial Service Commission of Ontario, or contacting CrimeStoppers to give an anonymous tip.
At Noble Insurance, we are committed to helping you with all of your insurance needs. If you have questions about your policy or would like more tips for handling auto insurance fraud claims, reach out to your broker today.