Having inadequate insurance coverage is expensive. If you can’t afford to fork out $1,000 when you have a claim, you need to have a lower deductible. Also, if you can’t afford to buy a new car after an accident, you need to have comprehensive and collision coverage on your vehicle. Saving a few dollars in premiums doesn’t help much when you suddenly have to pay a large amount of money after a claim. Please contact me to schedule a review of your current insurance coverage to make sure it is appropriate for your current situtation.
But that isn’t the most expensive insurance policy ever. Getting coverage by committing insurance fraud is even more expensive. A Philadelphia, PA newspaper recently reported that a lady got collision and rental car coverage after an accident – while she was in the ambulance on the way to the hospital.
A conviction for insurance fraud will be on your record forever. If you are lucky, you will only get a fine and no jail time. Committing insurance fraud will make your insurance policy The Most Expensive Insurance Policy Ever.