Canadians relatively honest about reporting insurance fraud: survey

Canadians are relatively honest when it comes to reporting insurance fraud, according to new survey from InsuranceHotline.com.

In a poll of about 1,500 Canadians, commissioned by the website and conducted by Leger marketing, 60% said they would report of a collision they believed to be staged.

Only 12% said they would claim unrelated damage from an auto accident and only 11% said they would exaggerate what was stolen from their vehicle, according to the survey.

Thirteen percent said they would  inflate the value of items lost if their luggage was stolen while on vacation, according to the results.

And while most people said they would return the money from the insurer if they recovered an expensive item they had thought to be lost, 25% said they would keep the money.

However, when it comes to reporting fraud committed by someone they know, the level of honesty declined. Only a quarter of those surveyed said they would tell on a neighbour who exaggerated items stolen during a robbery, according to the results.