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VEHICLE INSURANCE FRAUDS1
VEHICLE INSURANCE FRAUDS
VEHICLE INSURANCE FRAUDS
INTRODUCTION
It is not every case that policy holders are the sufferers of Insurance scams, Even Insurance companies do get scammed. Here we are discussing about Vehicle Insurance Companies. These companies often get’s scammed by people. Some of the examples are Inflated costs and Repairs by Car companies , Fake number plate registration, Self staged theft of vehicle, Intentionally destroying the old insured vehicle to claim insurance, To cover up a crime. Insurance research council, a group to study the false insurance claims and how much Insurance Companies are losing every year, In its report it found that nearly $5.5 to $7.6 billion of fake insurance claims were settled in the year 2012. Similarly insurance frauds are costing Britain over a billion pounds every year. Insurance basically means Common accountability but some people are misusing it. Now let us analyse two topics from above examples and discuss it greatly.
FALSE CLAIMS OF BURGLARY AND THEFT OF VEHICLES
Many people file...