Timbaland accused of defrauding insurance company, $1.8 million

<![CDATA[Timbaland is accused of ripping off an insurance company for $1.8 million, a new report says. The rapper has been legally sparring with American Home Assurance Company over a Jacob & Co, which is adorned with 30 carats of diamonds. The insurance company is refusing to pay the rapper/producing, claiming he’s lying to get paid, according to recent legal documents. News and gossip site TMZ laid out the lawsuit, seen below. But in new legal docs … A.H.A.C. claims it doesn’t owe Timbaland a dime — claiming he’s been as slippery as a seal, lying like a rug. The insurance company claims:

  — Timbaland bought the watch for $900,000 but insured it for TWICE the purchase price. — Timbaland reported the watch stolen … but 4 months later claimed his daughter misplaced it. — Everyone involved told a different story … the wife implicated another female, the assistant implicated the maid, the maid only copped to sleeping with Timbaland’s brother-in-law and the brother-in-law refused to cooperate. No one ever mentioned the daughter losing the watch, like Timbaland belatedly claimed.