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BrokerLink is debunking common insurance myths - inflating claims costs

Published on Dec 4, 2014 | Last updated Mar 1, 2021 1 minute read

FALSE

Inflating an insurance claim is a crime. Insurance fraud impacts the industry as a whole by increasing insurers’ claims costs and indirectly costs all policyholders in the form of increased premium.

Insurance companies pay out losses based on the terms of your policy including coverage level and deductibles. Insurance adjusters review receipts and details of a claim to ensure clients are getting the appropriate value for the policy that was purchased.

Questions regarding the claims process? Be sure to speak with a BrokerLink broker.