New Jersey home insurance quotes

How insurance fraud costs you


Here’s the picture: you are seeking affordable New Jersey home insurance quotes from and you are finding them to be higher than expected. Wondering why? The answer is simple. It is insurance fraud. Fraud costs consumers up to $700 more per policy because carriers have to make up their loss somehow.


The problem is that insurance scams are fairly easy to attempt. Lose your laptop? Maybe you did. But maybe you didn’t and said you did. It’s that easy. Of course, carriers do investigate, so there is risk involved in trying to scam a carrier and we would not advise it.


Some scammers have nerves of steel, but aren’t very smart. One woman took her fur to a storage facility, where it remained for a few years. When she came back to claim it, she insisted that the coat was not hers and that the facility and pulled a switch. The problem is that her name was stitched inside the coat. That thread proved that, yes, it belonged to her.  She wasn’t as smart as she thought she was.


It isn’t unusual for people to fake slips and falls. That is always a popular one with insurance scammers.  If you have this kind of hazard in your home do something about it, because there are valid falls, too.


You’d be surprised at the number of people who cut off small body parts to make claims on dismemberment insurance. Crazy, but fingers and toes cut off mean money in the bank to these people. Other set fires and try to pretend it was an accident.


A Texas man dug up a  body, dressed it in his clothes, arranged it in his car and set a fire to it. His wife was working with him. She filed a death claim on him. Of course, they were caught—it was too easy.


It is also tempting for some shop owners to report robberies or stolen goods that aren’t crimes at all. But security camera footage goes a long way to showing authorities the real situation.


So if you think you‘ve come up with the perfect crime, remember that carriers do look into suspected fraud thoroughly and in ways you might not have thought of.  You will probably get caught.


These scams costs the insurance industry over $50 billion each year and that loss is shown in your premium.