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Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses.
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Home insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use, or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.
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A staged crash, or crash for cash is when criminals maneuver unsuspecting motorists into crashes in order to make false insurance claims. The cars generally suffer little damage in relation to the large demand that is then fraudulently submitted.
References
- ↑ “A New Weapon In The Fight Against Fraud”. National Underwriter Property & Casualty-Risk & Benefits Management Journal, July 1993, p. 26.
- 1 2 Brostoff, Steven. “New Anti-Fraud Coalition Formed”. National Underwriter Property & Casualty-Risk & Benefits Management Journal, 1993, p. 46.
- ↑ Kopit, Alan (April 23, 2004). "Don't fall prey to health insurance fraud". MSNBC. Archived from the original on February 10, 2010.
- ↑ "Fraud Survey" (PDF). KPMG Forsenic. 2003.
- ↑ Schrenk, Edward L. (1997). "Fraud and Its Effects on the Insurance Industry". Defense Counsel Journal. 64: 64.
- ↑ Staff (2011). "Geico and NCL Join CAIF". Property Casualty 360.
- 1 2 Archived June 26, 2012, at the Wayback Machine
- ↑ Archived February 19, 2012, at the Wayback Machine
- ↑ Dennis Jay; Jim Quiggle. "Model insurance fraud act". Insurancefraud.org. Archived from the original on 2012-05-01. Retrieved 2014-02-07.
- ↑ Dennis Jay; Jim Quiggle; Howard Goldblatt; Kendra Smith; Jennifer Tchinnosian. "Legislation". Insurancefraud.org. Archived from the original on 2012-11-25. Retrieved 2014-02-07.
- ↑ Archived May 1, 2012, at the Wayback Machine
- ↑ "Research". Archived from the original on 2012-05-01. Retrieved 2012-05-16.
- ↑ "JIFA". Insurancefraud.org. Retrieved 2014-02-07.
- ↑ Coalition, Staff. “Get a Grip on Fraud”, December 2009, Washington D.C.
- ↑ Jay, Dennis, Effectiveness of warnings on benefit checks”, October 2000
- ↑ Coalition, Staff (October 1997), Four faces: why Americans do and don't tolerate fraud (PDF), Insurancefraud.org, archived from the original (PDF) on 2012-05-02, retrieved 2012-10-09
- ↑ Coalition, Staff. “Insurer Fraud Measurement”, December 2004
- ↑ Coalition, Staff. “Prescription for Peril”, December 2007
- ↑ Coalition, Staff (June 2003). "Study on SIU Performance Measurement" (PDF). Insurancefraud.org.
- ↑ Coalition, Saff. “State Insurance Frauds Bureaus, A Progress Report: 2001 to 2006”, February 2007, Washington D.C.
- ↑ Dennis Jay; Jim Quiggle. "Scam alerts". Insurancefraud.org. Archived from the original on 2012-08-09. Retrieved 2014-02-07.
- ↑ Dennis Jay; Jim Quiggle. "News release". Insurancefraud.org. Retrieved 2014-02-07.