Insurance fraud occurs when someone knowingly files an application or claim containing false, incomplete or misleading information. Typical types of fraud include:
The penalties vary by state but a conviction of insurance fraud can lead to imprisonment for up to seven years and fines up to $15,000.
Fraud is a very costly problem and affects all of us by increasing the rates we pay for insurance. It's estimated that the cost of fraud in the property and casualty industry is approximately $20 billion each year which costs each of us approximately $300 every year in increased premiums.
If you suspect that someone is committing fraud, please call our office at (717) 354-4921 or (800) 448-4622.