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Insurance Fraud – Fake Insurance Claims

Insurance industries report a possible 3% to 10% of all insurance claims are frauds. There also are many reports of exaggeration, for instance if a thief has stolen a TV from someone, he will usually hide his computer and radio and add it too the report. The second ones usually are average people looking for a quick buck or have gone the bad road because of their current financial problems, such as bankruptcy or business failure. On the other hand we have usual criminal offenders and organized crime. Members are already having a police record and looking to benefit from insurance frauds on a regular basis. The money stolen by these fraudsters is the money from other people who are insured and those paying premium prices for extra security.

Auto Insurance Scam

Lets look at a professionally organized automobile insurance scam involving many con artists. You get up, dress for work and drive through your town to your workplace. Someone is following you, but you don’t recognize it. At one time the car following will over take you and next hit the brakes making a rear-end collision. You won’t even know whats going on and in panic maybe even forget the facts and events that happened before the car crash. The driver which you ran on to will immediately approach you, ask you what is wrong and if you need any help. “Is everything okay, do you need a doctor? If you want I can call my own. No? Lets examine the situation then. We should call a towing service and car body repair shop, I have one stored in my cell phone. We also should make proper legal arrangements, I will call my lawyer for us.” Perfect! You think to yourself, hmm thats the best accident I’ve ever been too! What you don’t know is that the Car Shop hired the driver to run onto you on purpose. The doctor and lawyer also were awaiting the call, being part of the game. In the end you or your insurance will pay the doctor, lawyer, towing fee, storage fee, car repair… If you are in a car accident, read the fineprint on every paper you will sign. Don’t accept offers for services from anyone involved in the collision.

Insured Documents Scam

Lets look at an example of fake insurance claims for travels. Even though nowadays traveling package at airports is highly automatized and computerized, there still are many reports on packages getting lost. Lugging baggage at airports is usually insured for a cost much less than the one paid if the package gets lost. Organized criminals therefor can and “loose” these to get money from an insurance company. More often at jobs like this there will be an insider person cooperating with the person who is about to “lose” their package. Same goes for insured papers and documents. During their transportation they somehow get lost during the way.

Fake Paper Claims

This is pretty simple. The con artist is trying to fool the insurance by making them believe an event that in reality never happened but only exists on the paper.

Fake Or Bogus Insurances

You are starting up a small business. As usual you have a low budget on start, but if you want to operate you have to get some insurances for your business or at least health care insurance for yourself and the employees. You ask around, look in newspapers, all across the internet to find a perfect deal. All of a sudden you find a special deal at a very low rate. You call the agent and sign the papers, happy you found this agent. Two months later one of your employees gets sick and you send him to your local hospital, but somehow he is denied to receive basic health care. You figure out you have signed a false insurance and gave the money to a thief.

How To Solve These Problems?

Insurance companies use small fine print along with hard to understand language for the average Joe, to distract their clients. Customers lie about not understanding these words or haven’t read the fine print before subscribing. As you see mutual thrust between an insurance company and client is barely impossible, since both parties are trying to take or save the most money possible from the other. So the most appropriate solution is to have less. Own as much property as you can personally use and handle on a daily basis. Buy a car you really can afford to maintain. If you have less, you won’t have to use a high amount of insurance. You might even consider having insured only the necessary amount given by the government. Think about it. If you own a castle, four yachts and twelve cars, how much insurance will you need? On the other hand if you own a small house, a simple car, and as much property as you can handle you will not need much insurance and your mind will be a lot more at peace. You will not fear the loss if you have less.

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9 Responses to “Insurance Fraud – Fake Insurance Claims”

  1. 1
    chris Says:

    Please be aware of Landa Insurance http://www.landainsurance.com is a fake insurance company selling care insurance online.

  2. 2
    Dr. David K Says:

    Please be aware Landa Insurance http://www.landainsurance.com is NOT a fake company.

    I have been using them for over 5 years for commercial and private insurance. I have meet with Bob and his team many times in Dallas.

    Chris should stop publishing false information. He is working for an insurance company that can not compete with Landa’s rates.

    Pack your bags Chris, the days of OVER PRICED insurance is coming to an end!

    Dr. David K

  3. 3
    Mike Herris Says:

    Thank you David.

    I purchased insurance from Landa back in October of 2008. I renewed last month and had some hail damage.

    An adjustor came to my home here in LA and my Tahoe was in and out of the body shop in less than 1 week.

    I am very happy with the company and hope they don’t get too big too fast. I like the way they keep things personal and I don’t feel like a policy number.

    Good work Landa. You have earned a customer for life.

    Mike Herris -California

  4. 4
    Chris Says:

    Anyone who wishes to contact me, may contact the websites adminstrator for the email address I used to post my previous comment with. I gave my permission for them to give it out.

    I will provide you with the letters validating that Landa is fake, and the proper contact information for the Texas Department of Insurance, as well as their website to look up licensed insurance agencies and agents operating in Texas. Landa insurance is not one of them.

    You can use the website or call their hotline and provide any information you get from Landa Insurance and they will tell you it’s fake.

    I’ll also provide tips on getting your money back. I did.

  5. 5
    brandi Says:

    is it real or fake i have not gotten a reply from them

  6. 6
    chris Says:

    Google the Texas Department of Insurance and call them and ask for the enforcement division, and they will inform you, also you can look for licensed insurance companies in Texas here:

    https://apps.tdi.state.tx.us/pcci/pcci_search.jsp

    they do not appear.

    Secondly, do a reverse look up of the phone number they provide. It’s a cell phone number.

    third, they use a gmail account…for a ‘real’ insurance company you’d think they could afford to pay the $5 for a domain registered email address.

    Also, go to yahoo answers and search for landa insurance, or landa insurance scam, etc. There are quite a few people there who got into accidents after having landa insurance and got stuck because it turned out to be fake.

  7. 7
    Insurance Guy Says:

    It is clear that they are NOT a real company…visit the CA Department of Insurance website which regulates ALL insurance agencies, agents and carriers that operate in the state…there is no listing of them anywhere…

    http://www.insurance.ca.gov/license-status/

    Also, I checked Google Maps and the address they use (1919 W. Tarrant, Dalls, TX) is an apartment complex…although right now on the Landa website they show a nice picture of some other insurance agency staff (notice how the name of the insurance agency in the picture is cut off!!!) Why would they not use their business address if they have one…

  8. 8
    Chris Says:

    It should also be noted that Bob Parsons, who the owner of the website keeps quoting is the name of the GoDaddy CEO.

  9. 9
    Phil Says:

    Mike herris is full of shit. There was no hail damage anywhere in LA this year. Asshole.

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