Whether it is a misdemeanor or a felony charge, any insurance fraud charge may have serious legal consequences on an individual. The federal and state laws regard defrauding the insurance industry as a serious offense, and if you face any such charges, it is imperative to consider help from a good lawyer immediately. It may be as simple as exaggerating on the amount on an existing claim or it may be as complex as staging an accident to claim insurance – whatever the type, any attempt to defraud the insurance company is a serious offense in the eyes of the law. Here are a few instances of such charges. * Submitting a false claim* Engaging in arson* Making a claim for a loss already recovered from another insurance company* Faking a theft or burglary or staging an accident* Receiving compensation that you do not deserve from an insurance company