They Cheat. You Pay.
Did you know that according to the Insurance Bureau of Canada:
- 10% to 15% of your insurance premium goes towards fraudulent claims?
- Every year in Canada, insurance fraud costs insurers and policyholders $3 billions dollars?
You can help stop insurance fraud by doing your part. If you suspect or know a crime has taken place, you can call Crime Stoppers, an international nonprofit program that assists police in solving crimes. All calls are strictly confidential: 1-800-222-TIPS (8477).
Tips come from people like you, who suspect or know of incidences of fraud.
To find out more about insurance fraud, go to the Insurance Bureau of Canada website at http://www.ibc.ca/en/Insurance_Crime.