Six Consequences Of Lying To Your Car Insurance Company

By InsuranceHotline.com Team
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Some people think it's acceptable to lie about past accidents, traffic

convictions, claims and prior insurance cancellations when applying for a car

insurance policy.  The mind-set of these consumers is often that insurance

companies owe them something, especially if they've never reported a claim.

Providing false information to your insurance company is considered a form of

fraud.  If you are caught committing or attempting to commit insurance fraud, be

prepared to face 6 serious consequences:

1.  Your insurance policy may be cancelled

2.  Your reported claim will be denied

3.  You will face higher insurance premiums

4.  You may be denied car insurance coverage in the future

5.  If found guilty under the Insurance Act, you will face a fine of up to

$100,000 for the first offence and up to $200,000 for additional offences for

non-criminal offences

6.  If found guilty under the Criminal Code of Canada, you will face a maximum

of 10 years in jail for fraudulent cases over $5000 for all criminal activities

Telling the truth on your car insurance application can save time and money. 

InsuranceHotline.com can also

save you time and money by searching for thelowest car

insurance rate from over 30 insurance companies rates in our database. 

Don't pay more than you need to. Get the lowest rate through InsuranceHotline.com for free!