The law makes it a felony. Any kind of fraud is against the law if it intends to make a gain to which you are not entitled.
Insurance companies can't keep you from getting home insurance due to a felony unless its related to insurance fraud. They do ask the question because losses occurring under certain circumstances could be investigated in a much closer manner. (ie. arson or theft) PA Agent K
No. Fraud is not a covered peril under your home insurance policy. However, Many Home insurance policies do have coverage for certain kinds of theft.
good way to get hit with an insurance fraud charge
My home owners policy only covers bank fraud ( if someone steals a check for example) and the limit of liability from my insurance company is $1000...other policy's may be different. Please call your agent.
No. Your home insurance will not cover property that was legally confiscated. Any attempt to file a claim on such confiscated property could be construed as Insurance Fraud, A felony offense.
First, specify what you want out of your home insurance, since that will help you decide what insurance to go with. Look up major insurance companies and make sure to research fraud cases just in case.
You can buy as many insurance policies as you like. Which ever insurance policy has the broadest scope of coverage, becomes primary and the additional policy would be secondary. Of course should you have a covered loss, you can only seek compensation once. If you try to get paid twice for the same loss, that would be felony insurance fraud punishable by up to 20 years in prison in most U.S. jurisdictions.
An Insurer can void your policy and refuse coverage if it is determined you Intentionally lied on your auto insurance application. Fraud by Misrepresentation.
Yes, Amco does have both home and medical. It makes paying for insurance much easier.
You already answered your own question. If the house is worth 300K, then you buy hazard insurance on the home for 300k. It would be unlawfull (insurance Fraud) to over-insure your property.
Most homeowners insurers will deny coverage to such a person for a stated number of years. The duration of time will vary with the insurer.
Signing your name to a policy without your permission is insurance fraud. Start with the insurance company who should then pay the benefits to you and take action to recover the funds from the funeral home. From there you can contact the regulatory agency that governs funeral home as well as the DA in your county.