In the UK, dishonest claims on pet insurance polices have quadrupled.
It is now the fastest growing area of insurance crime.
Figures from insurers show over $3,000,000 worth of pet insurance fraud.
Insurers believe frauds are owners getting rid of their pets, by selling or even killing it! Then they claim a payout for "early death." They believe some animals may have never even existed in the first place.
Other frauds are fake accidents to cover up pre-existing injuries or conditions that aren't covered by the policy.
Some scams even involve staging the disappearance of a pet because some policies payout for lost or stolen animals.
Experts believe some vets are even involved, claiming treatment that never occurred or billing insurance companies for more expensive procedures that were never actually performed!
A fraud investigator said:
"I am aware of cases were owners have maimed their animals in order to make claims on their policies."
A pet product manager said:
"The increase in detected pet insurance fraud is quite significant. Pet insurance fraud is costing companies more and will have an impact on other people's premiums in the future."
So idiots looking for a quick payout are actually making it harder for honest people to insure their pets, who may actually need it.
Thanks a lot, idiots.
[Image via AP Images.]