During a recession, many people turn to
committing auto insurance fraud, to get some money back in their pockets.
One in six are fudging the truth to help their kids to obtain coverage According to the results of new research thousands of parents are
committing auto insurance fraud by pretending that they are the primary driver of a vehicle that is actually being used mainly by their student daughter or son.
Not exact matches
This means that people who
commit auto accident
fraud raise the
insurance premiums for all
auto drivers; the
insurance companies need to pad their profits to deal with bogus claims.
The Conservative party currently uses the Health Claims for
Auto Insurance electronic billing system to help find people who are
committing personal injury
fraud.
Residents only: The Granite State is known for some of the cheapest
auto insurance rates in the country, so to thwart those trying to
commit insurance fraud by living elsewhere and insuring their vehicle here, the state requires policyholders to sign a residency statement.
Nearly $ 80 billion in fraudulent claims are made each year across all
insurance types and result in higher premiums, especially when it comes to auto insurance.If you suspect someone is committing insurance fraud, here is a directory of Fraud Bureaus by state: State Insuran
insurance types and result in higher premiums, especially when it comes to
auto insurance.If you suspect someone is committing insurance fraud, here is a directory of Fraud Bureaus by state: State Insuran
insurance.If you suspect someone is
committing insurance fraud, here is a directory of Fraud Bureaus by state: State Insuran
insurance fraud, here is a directory of
Fraud Bureaus by state: State
InsuranceInsurance Fraud.
It was also found that people with bad credit scores were more prone to
commit insurance fraud (which is why
auto insurance companies shun away from people with really bad credit).
Just because you have poor credit does not mean you will
commit insurance fraud or be a liability to your
auto insurance company.
While
auto insurance fraud is nothing new, the rise of the number of people
committing these acts is attributed to the troubled economy brought about by the recent recession.