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Raley, Watts & O’Neill Insurance

Since 1950, Raley, Watts & O’Neill has been serving the insurance needs of our clients. We started as a one person operation in Lexington Park, MD and are proud of our small town heritage. We have worked hard to maintain the fundamental principles of our roots while we have grown into a company that serves clients throughout the Mid-Atlantic, the United States and Internationally. We pride ourselves on getting it right and taking care of the needs of our clients. We simplify the insurance process and take the time to make sure each of our clients understand their options, what they are buying and where their money goes. Our committed staff has the expertise and extensive experience in a broad range of insurance products and services like Commercial, Personal, Bonding, Safety/Risk Management, Group Health, Life and Financial Services. We would welcome the opportunity to demonstrate to you how working with Raley, Watts & O’Neill is about more than just insurance; it is about a long term relationship. We always strive to never veer from our values – C.A.R.E

Fraud Costs Everyone

Gordon O’Neill Gordon O’Neill , 3/2/2016
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Wrecking a car and lying about it or staging an accident to get a payout are crimes that can cost a perpetrator dearly. Similarly, any inaccuracies reported (about a child's GPA, ZIP code where a car is garaged, etc.) for financial gain is also technically fraud.

This type of "soft fraud" is far more common than hard fraud -- and is much harder for the industry to deal with because it's so difficult to detect. Consider "claims padding," such as urging a body shop to fix dents that never happened after a car accident or claiming more serious pain or injuries than actually suffered.

Although perpetrators might think of these as victimless crimes, everyone with an Auto policy pays for them in higher rates needed to offset the cost of phony claims.

Here are a few common examples of soft fraud, as described by Allstate and the auto buying and research site,

  • Grade faking: A parent or student lies about high grades to get a good-student discount.
  • Location lies: A policyholder tries to get a premium cut by using a parent's address in a rural, less-traveled area to register and insure a car that's usually driven in a more accident-prone city. He also tells his insurer that he drives half the miles that he really does.
  • Missing drivers: A family fails to inform their insurance company that there are two teen drivers in the household, not just mom and dad.

Soft fraud is usually treated as a misdemeanor. Depending on the seriousness of the offense, it could cost the scammer a fine of up to $15,000, jail or prison time, and probation -- not to mention the humiliation of going through the legal system.