A business owner hires somebody to burn their business in hopes of collecting insurance money. this type of arson is known as Arson fraud.
What is Arson fraud?
- Property owners who intentionally set their own property on fire or otherwise cause damage to it do so in order to defraud their insurance providers.
- A felony can be brought against anyone who knowingly makes a false statement or misrepresents a significant fact in order to receive or reject any benefit or payment or to help another person receive or reject any benefit or payment.
- Details regarding the insured, the property, body shops, and healthcare providers on the claim may contain indications of insurance fraud.
To learn more about insurance refer,
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