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Insurance is a contract in which the insurance company undertakes to compensate the insured against the payment of consideration if a certain event occurs. Different types of insurance are contracts between the insurer and the insured under which the insurer undertakes to compensate the insured for the damage resulting from the insured risk. Purpose of

If you suspect insurance fraud has occurred, you should immediately report it to DFS or call the Insurance Fraud Hotline: 888-FRAUDNY (888-372-8369). The matter will be treated confidentially. Fighting insurance fraud remains a strategic priority for the industry. In 2016, insurers discovered 125,000 dishonest insurance claims worth £1.3bn. It is estimated that a similar amount

Homeowners’ insurance (moreover recognized as home insurance) is not an indulgence; it is a requirement. Almost all mortgage lenders require borrowers to insure the full or fair value of a property (usually the purchase price) and will not make a loan or finance a residential real estate transaction without proof. What does homeowners insurance cover?

Every year billions of insurance frauds have been reported. It is an intended crime that takes place because of the wrong intentions of people for having more financial gain. According to the law, the act of insurance fraud can be prosecuted when In simple words, insurance frauds also include those wrongdoings in which people provide

The aim of this article was to provide a broad overview of whole life insurance, its pros and cons, and the different types of policies available. If you are interested in learning more about this type of insurance, or if you are looking for a policy, be sure to read the full article. What Is

Insurance frauds are the act of deceiving an insurance company in order to receive money or benefits that are not rightfully owed. This can include making false claims about damages or injuries, exaggerating the amount of a loss, or even staging an accident. If you suspect someone of committing insurance fraud, there are multiple ways