person calling insurance on cellphone

Protect yourself against insurance fraud [via OTIP]

Simply put, the impact of fraud on the car insurance industry is staggering. It’s easy to dismiss insurance fraud as something that will never impact you, but in reality, it ends up costing insurers $1.6 billion each year. These costs ultimately are paid for by the insurance company and the policyholders – many of which are completely innocent.1 Can you believe that on average, $236 of your annual car insurance premium goes towards paying for the illegal activities of fraudsters?1 Being informed and learning how to recognize fraud is one way to help reduce these costs.

Learn more at https://www.otipinsurance.com/article122.