Insurance fraud costs everyone


©Insurance Bureau of Canada. All Rights Reserved. When someone makes a false or exaggerated auto insurance claim, honest consumers pay more than they should for insurance. Insurance fraud is estimated to be a multi-million-dollar business in Ontario, contributing to the high cost of auto insurance in the province. March is Fraud Prevention Month and Insurance Bureau of Canada (IBC) urges consumers to take the time to learn how to identify insurance fraud and report suspicious activity. This video shows how exaggerated claims in an actual insurance case add up.

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