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When\u00a0natural disasters\u00a0damage property, it’s understandable insurance premiums rise to cover the unexpected increase in payout. Unfortunately, insurance premiums must also rise to cover other\u00a0adversities, those of fraud and arson. How sad that multitudes of honest and law-abiding property owners must pay for the actions of an unscrupulous few.<\/p>\n
According to our reinsurance company Grinnell Mutual<\/a>, fraudulent insurance claims and arson cost our nation billions of dollars each year. This includes claims for theft that never happened, inflated claims misreporting an accident, inflated prices from a supplier, arson and staged accidents.<\/p>\n Grinnell has implemented a Fraud and Arson Award Program<\/a>\u00a0to encourage insurance companies and property owners to partner in preventing fraudulent insurance claims. This program awards up to $10,000 for providing timely and credible information<\/a> about a fraudulent or criminal loss to persons or property insured by Grinnell Mutual or its affiliated farm mutuals. It\u2019s their\u00a0way of saying thank you for doing the right thing.<\/p>\n \u201c<\/span>Forward Mutual under most circumstances has been blessed with honest people,”\u00a0says Lois Wiedenhoeft, President and CEO of Forward Mutual. “<\/span>We call on you to help prevent fraud and arson in your neighborhood.\u201d\u00a0<\/span><\/p>\n Should you witness\u00a0insurance fraud, record as many details as you can including names, address and property information of the party involved. Providing such information to Forward Mutual<\/a> is valuable in stopping insurance fraud and arson. It will benefit you and every other insured property owner.<\/p>\n