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Warning
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LSDefine
Simple English definitions for legal terms
fraudulent claim
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A quick definition of fraudulent claim:
Fraudulent claim means lying to an insurance company to get money. It's like telling a big lie to get something you don't deserve. Fraud is when you trick someone on purpose to get something you want. It's not okay to lie or cheat to get money or things.A more thorough explanation:
Fraudulent Claim
A fraudulent claim is a false insurance claim made with the intention of deceiving the insurer. It is a knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment. Fraudulent claims are illegal and can result in criminal charges.
- Submitting a claim for damages that did not occur
- Exaggerating the extent of damages to receive a larger payout
- Claiming for pre-existing damages as if they were new
For example, if someone submits a claim for damages that did not occur, they are committing a fraudulent claim. They are intentionally deceiving the insurer to receive a payout they are not entitled to.