The concept of insurance was invented by the Chinese and made famous by Lloyds of London within the shipping industry.

The idea was that all ships and cargos would be insured and if a ship and its cargo were lost at sea, the premiums paid by all would be used to make the loss "whole" for the owner of the lost ship and/or cargo.

When the first insurance fraud claim occurred, no one knows, but we can assume that whenever money is involved, there's someone out there trying to figure out an easy way to get it.
This is true even for homeowner's insurance.

The pages in this section delve into fraud involving homeowner's policies.

Hold on to your wallets!