You have to admit that the first time you heard about “Elephant insurance claims” that you thought it was some kind of a joke. It would have to be, right? For who really needs Elephant insurance, unless you live in the towns of Kamasumudra or Mysore? While insurance companies receive more than their fair share of funny insurance claims, some of which turn out to be fraudulent, Elephant insurance claims are certainly no laughing matter.
Although many people are foolish enough to devise ludicrous, fraudulent insurance claims in order to steal money from their insurance companies, they are rarely successful. Since most Americans are required to carry some form insurance, coupled with the fact that everyone could use some extra cash, insurance companies are well aware of the fact some people will be tempted to make up false insurance claims in order to “cash in” their insurance policies. In fact, some folks are desperate enough to fashion some of the most humorous and downright ridiculous scenarios, and even burn down their own homes! Granted, some funny insurance claims will be legitimate, but some fraudulent claims are just plain stupid dim witted. But it is often not surprising when you consider the “masterminds” behind them.
One of the more common, and dumbest, false insurance claims involves a customer burning down their home in order to get the insurance money. Sure, this sound ridiculous, but it happens more than you would think. However, it usually does not take long for fire inspectors to figure this one out. After all, a house fire is always suspicious when investigators conclude that, at the time of the fire, the home was free from personal possessions, or was on the brink of foreclosure. And yes, these are both true stories that have been ripped from recent newspaper headlines.
In order to cut their losses, insurance companies will always send out an insurance adjuster to inspect the legitimacy of insurance claims over a certain amount. In the event of an auto accident, the claims adjuster will usually dicker with the body shop over repair costs, and, in most cases, come to an agreement rather quickly. This bargaining has absolutely no affect on the insured, and is simply a way for the insurance company to minimize the amount of money they have to pay out to cover repairs.
The bottom line is that insurance companies will never take an insurance claim likely, because even funny insurance claims can turn out to be legitimate; and the most mundane could end up being fraudulent. Even if an insured reports that an elephant went on a rampage and stomped on the hood of his or her car, a claims adjuster will be there to check it out.