Common Types of Insurance Fraud
Common Types of Insurance Fraud: What You Need to Know Insurance fraud is more common than you might…
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Insurance is a financial product that provides protection against potential future losses or damages. By paying regular premiums, individuals and businesses can transfer the risk of unforeseen events—such as accidents, illness, natural disasters, or property damage—to an insurance company. In the event of a covered loss, the insurer compensates the policyholder, helping to mitigate financial hardship. Insurance types include health, auto, home, life, and liability, each designed to address specific risks and needs