According to a 3,000-consumer survey made by Coverhound.com, more than half of the people that applied for auto insurance tell untruths to save more on premiums. Read further to know what happens if you try it for yourself.
Playing the Odds
If those who lied try to fail a claim, the insurance company will eventually find out. Investigators usually do what they can to guarantee verification on whether they received accurate applications. They protect their policies and are determined to cancel it once deceived. Civil fraud penalties are also possible. According to a report made by Coverhound.com, Millennials have a higher chance of fabricating documents compared to their elders.
Yes, it’s tempting to provide false information such as making oneself look like they are excellent drivers. Not to mention that it can push lower insurance premiums. However, you’ll have to always worry about one risk: getting caught.
Typical Lies Motorists Tell
Usually, deceptive policyholders that got found out try to oppose and defend themselves by saying they made mistakes or forgot to include vital information in their history. Auto insurers experience this all the time, making the deceitful motorists’ possibility of receiving compassionate treatment slim to nonexistent.
Here are a few frequent lapses and fabrications that may lead to lost policy, the inability to receive new coverage, a legal order to pay premiums back, and even jail time.
Common Omissions by Drivers
At Black And Associates Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (509) 464-0058 or Click Here to request a free quote.
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