Battling Insurance Fraud

These scams cost the insurance industry $120 billion year--don't be a victim

sell phony government health policies target senior citizens and veterans. It’s against the law for anyone representing the federal government to sell you insurance.

Protect your records. Store copies of insurance documents and receipts in a safe deposit box or with an attorney. Documents should include pictures of your car, house and valuables, and an up-to-date inventory of your possessions.

Detail your claims. In the event of an accident, your insurance company will meet with you to determine the validly of your claim. Keep a log of your interactions with adjusters, including conversations, documents and phone calls.

If you’ve been the victim of insurance fraud, immediately contact the fraud division of your state insurance department. Remember, detailed and precise documentation is your greatest asset when filing claims and will enhance your chances of fighting back.

To obtain back issues containing other parts of this series, please call our circulation department at 212-886-9568.

Pages: 1 2