How to Stop Insurance Fraud

15 Tips to stopping insurance Fraud

  1. Do not buy the first policy you find. Shop around to find the best policy and insurance company to meet your needs.
  2. Keep all your policy documents together in a safe place.
  3. Never discard documents with your policy number(s) on them.
  4. On a regular basis, check on the status of your policy(s) with your insurance carrier(s). Watch for double billing or multiple charges.
  5. Review all explanations of benefit or statement documents from your insurance carriers.
  6. Only do business with insurance companies that are licensed and covered by your state’s guaranty fund. This will help you if your insurance company becomes insolvent. You can find this information out by contacting your state’s insurance department.
  7. Verify that your insurance agent or broker is licensed to sell policies for the company you are dealing with.
  8. Never, Never, Never sign blank claim forms.
  9. Beware of approaches by strangers after an incident, particularly if they recommend a particular doctor or lawyer.
  10. If you are in a car accident, immediately obtain documentation that identifies the driver and passenger(s) of the other car, and all others involved.
  11. Complete your insurance application carefully. Providing incorrect, incomplete, or false information can endanger your insurance coverage.
  12. Do not pay for your insurance premium in cash. Also, make your payment to the insurance company, and not the agent.
  13. Obtain a copy of your policy in a reasonable amount of time. If you do not, contact the insurance carrier immediately.
  14. Keep a disposable camera in your automobile’s glove box. This will help you document an accident.
  15. Report expected incidents of Insurance Fraud to your State’s Insurance Department.