When most Americans think of "insurance fraud," their minds leap to staged accidents and acts of arson, according to ValuePenguin, and not "soft fraud," like lying about the average annual miles they drive or the value of a stolen item. Credit: valiantsin/Adobe Stock
When asked outright if they have ever committed insurance fraud, most people say no. Just 9% of auto policyholders and 15% of home policyholders admitted to deceiving an insurance company, according to a ValuePenguin survey. However, when asked about tactics deployed to lower insurance costs, these numbers shift.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
