Is it true that some people who are usually honest will deliberately commit insurance claims fraud?
Yes, I’m afraid you’re right. Even though fraud is defined as a dishonest act, recent studies show that some otherwise honest people think it is perfectly all right to commit a little insurance fraud. An example would be sneaking in the cost of old damage on a car when filing a claim for a recent accident. Let’s look at some of the reasons why people may tolerate claims fraud. For many, this tolerance appears to be tied to their belief that when you put out money you should get something back that you can see and touch. They may not realize what they get in return for their insurance dollar. Here’s an example of what happens when we buy insurance. Let’s say I pay $365 a year for an insurance policy. It doesn’t matter what kind. If I do that for 10 years, I will have paid out $3,650 and no one has received anything tangible in return if no claim has been filed. But that $1.00 a day is gone at the end of each day. It bought me the insurance protection I wanted and the peace of mind that
