Sentences with phrase «insured commits fraud»

An insurance company can only cancel such a policy if the insured commits fraud, misrepresents himself or fails to pay coverage premiums.

But the law allows them to take a look back and make sure they got it right and whether you're a big fan of that or not, the companies occasionally find out that the insured committed fraud or at least didn't tell their health history story as completely as they were asked to.

Not exact matches

Mr. Butts has significant trial experience at both the state and federal level, having tried a number of cases to successful verdict, including recently recovering over $ 300,000 for his client after a jury trial determined that the insured homeowner had committed fraud when submitting her claim.

Residents only: The Granite State is known for some of the cheapest auto insurance rates in the country, so to thwart those trying to commit insurance fraud by living elsewhere and insuring their vehicle here, the state requires policyholders to sign a residency statement.

As with all important business transactions, policy owners and insureds must be careful not to be the victim of fraud or to commit fraud in connection with a life settlement.

The coverage has lifetime renewability, which means the company can't cancel it as long as you pay your premiums on time, insure your home for at least 80 % of its value and don't commit insurance fraud.

Application fraud is generally committed by people who have either filed previous claims and don't want to pay the increased costs that come with it or by people who know that the risk they're asking the company to insure is not acceptable.