Insurance fraud is big business. It’s estimated that 15 per cent of insurance premiums go to cover fraudulent insurance claims. In real numbers, that’s:
- $225, if your insurance premium is $1500;
- $300, if your premium is $2000; and,
- $375, if it’s $2500.
http://www.insurancehotline.com/auto-insurance-fraud-was-that-auto-accident-really-an-accident/
Big difference between what the Insurance Hotline tells us and the IBC tells us during Fraud Month –
-
$540 from each premium goes to fraud. #dontbescammed @FSCOTweets
IBC @InsuranceBureau