Distressed homeowners setting fires to get money from insurance claims | InsuranceQuotes.com

homeowner fire insurance

Distressed homeowners setting fires to get money from insurance claims

Despite the nationwide decline in arson fires, many insurance companies and public officials suspect a rise in a specific type of arson: residential home fires that have been set by homeowners as a way to claim insurance benefits on a home and its contents. This type of arson fraud can lead to higher home insurance rates for all homeowners within the neighborhood or community where the arson occurred.

The spike in this type of arson comes as criminal cases of arson in the United States dropped by more than 14 percent from 2009 to 2010.

Uptick in residential arson

“We have experienced an increase over the past couple of years in arson-related homeowner claims,” says Holly Anderson, a spokeswoman for State Farm Insurance. “And while ... http://for-insurance.ucoz.com/news/homeowner_fire_insurance/2013-06-18-3619