A significant number of Americans surveyed—35 percent—believe that it is alright to exaggerate insurance claims under certain circumstances, according to a recent Insurance Research Council (IRC) survey. These respondents agreed that it is acceptable to increase the amount of an insurance claim by a small amount to make up for a deductible. Nearly one in four respondents (24 percent) said that it is acceptable to increase the amount of a claim to make up for insurance premiums paid when no claims were made.
Was this article valuable?
Here are more articles you may enjoy.
Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD
Relief But Questions on Agents’ Duties to Insureds After Florida Court Ruling
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’ 


