Past Posting…the act of fraud when a person first becomes involved in an automobile accident or finds themselves with a property loss that they have no insurance coverage for. They then decide to take a chance at getting insurance coverage after the date of actual loss. Sometimes the individual will go directly to an insurance company immediately after a loss to obtain coverage, other times they create an elaborate series of events to try to show that they had insurance at the time of the loss. The individual may think that what they are doing is harmless, but the truth is they are committing insurance fraud.
While being involved in an accident can be costly, if a person decides to commit insurance fraud on top of it, they could find themselves in an even worse spot when they are convicted of a crime. Insurance fraud costs American businesses and consumers over $308 million a year.
