Install
Scams and Fraud terms
Scams and Fraud in Homeowners Insurance: the news, the names and what changed.
Assignment of benefitsA signed agreement that transfers your right to claim payments to a contractor or other vendor, who then deals with the insurer directly.Identity theft coverageAn optional add-on that reimburses the out-of-pocket costs of repairing your name and credit after someone uses your personal information to commit fraud.Intentional lossAn exclusion for damage arising from an act that an insured commits or conspires to commit with the intent to cause a loss, such as arson of one's own home.Moral hazardThe risk that holding insurance leads someone to cause or inflate a loss, or to take less care, because the insurer rather than the owner bears the cost.