How would you prevent car insurance frauds?

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PostPosted: Wed Feb 18, 2009 10:15 am   Post subject: How would you prevent car insurance frauds?  

Well, this one really seems to be a good platform to discuss Insurance fraud. Though I've not come across a way to make sure that my car won't ever be stolen, I'd like to have feed backs regarding the prevention of car insurance frauds. Please also suggest what I should remember while buying a vehicle as also while picking up a repair service following a catastrophe.


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PostPosted: Wed Feb 18, 2009 4:06 pm   Post subject:   

How to prevent insurance fraud....? Don't lie to the insurance company.



Insurance fraud is almost always perpetrated against an insurance company. It's usually done so that the claimant is paid more then they are entitled to.

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PostPosted: Wed Feb 18, 2009 7:41 pm   Post subject:   

You can avoid getting your car stolen by a few simple moves. It isn't a sure fire solution since there are probaly very experienced car thieves out there. The biggest way to avoid a stolen vehicle is NEVER leave your keys in your vehicle and always lock the doors. Todays world is far from the way it used to be and people need to relize not locking their car doors and taking out their keys is a thing of the past. Also to avoid break ins never leave packages where they can be seen through the window. Put them in the trunk where the are less obvious. People will do anything for a dime these days.

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PostPosted: Mon Mar 16, 2009 12:08 pm   Post subject:   

Quote:
people will do anything for a dime these days


fireyone is absolutely right. Everyone should take care of their car properly. Nowadays there are so many security gadgets available in market.


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PostPosted: Sat Apr 04, 2009 5:53 pm   Post subject:   

In buying a vehicle, i think you must choose the one that is not so catchy in a thief's eye. It doesnt eliminate the possibilities of theft totally but it can lessen. Equip your vehicle with security equipments such as alarms and locks. As what they have said, dont leave your keys in the car as well as personal belongings especially the registration. There are a lot of security equipments you can buy for a very cheap price. Its for the sake of your vehicle anyway.

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PostPosted: Mon Apr 06, 2009 12:14 pm   Post subject:   

Quote:
you must choose the one that is not so catchy in a thief's eye.


I really don't think it will eliminate the the possibilities. Car thiefs are also in search of scrap material may be because of less risk involved.


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PostPosted: Tue Apr 07, 2009 11:22 am   Post subject:   

Quote:
I'd like to have feed backs regarding the prevention of car insurance frauds


See Pinkfloydfan, auto fraud can be both ways. Either you can be responsible for a fraud or a victim. How you can avoid being party to a fraud will need moral science lessons (if needed). But you can try to avoid being a victim of fraud. You must be really cautious when you are on the road driving. The basic thing is to have presence of mind. We have a post on our community blog which I thought you might like to read.



http://www.ampminsure.org/blog/auto-insurance-fraud/


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PostPosted: Tue Apr 07, 2009 12:53 pm   Post subject:   

Quote:


I really don't think it will eliminate the the possibilities. Car thiefs are also in search of scrap material may be because of less risk involved.




it will, most of the thiefs dont have your idea about scrap materials. majority of them will look on overall profitability of your car.. it cannot be avoided but it can lessen the chances.
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PostPosted: Fri Apr 24, 2009 1:38 pm   Post subject:   

Since, car insurance has been made mandatory in almost every country of the world. Many insurance companies have surfaced. With increase in number of these companies there has been increase in cases of insurance fraud. This article will outline some important things to keep in mind in order to protect your self from such frauds.



Sometimes, people get their car stolen in order to claim the money from insurance company. They do it for financial reasons or to purchase a new car.

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PostPosted: Sat May 09, 2009 10:25 am   Post subject:   

Quote:
Sometimes, people get their car stolen in order to claim the money from insurance company. They do it for financial reasons or to purchase a new car.




Yes you are absolutely right. People will do anything to claim money from insurance company. In some cases they get help from the corrupt employees from the insurance company itself. Otherwise it's not easy to file a claim.


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PostPosted: Sat May 09, 2009 11:37 am   Post subject:   

Quote:
In some cases they get help from the corrupt employees from the insurance company itself. Otherwise it's not easy to file a claim.





Can you share with us any such instance that you might have experienced personally?
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PostPosted: Sat May 09, 2009 12:51 pm   Post subject:   

Hi Horizon,



Quote:
People will do anything to claim money from insurance company.




You mean they may even team up with the adjusters?

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PostPosted: Sun May 10, 2009 4:24 am   Post subject:   

Quote:
You mean they may even team up with the adjusters?


yes, it's possible. I'm not saying that every insurance is filled up with corrupt employees. But there are such kind of people & it's not only about car insurance. Everybody knows that what kind of things can some people do to claim insurance money mainly for life insurance.


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PostPosted: Mon Mar 11, 2013 7:40 pm   Post subject: uninsure property damage/uninsured boily injury  

In layman terms, what exactly does this mean?


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PostPosted: Tue Mar 12, 2013 1:20 pm   Post subject:   

I think you are asking about Uninsured/Underinsured Motorist coverages for property (your vehicle -- "PD") and bodily injury (to the driver and occupants of your vehicle, and to you and your insured household members as pedestrians -- "BI"). If that's correct . . .



UMPD pays for damages to your insured vehicle caused by a driver with insufficient coverage to pay for the entire loss (including unknown hit-and-run drivers). In a state like CA, where the minimum PD liability is $5000, that will hardly cover the cost of a 5 mph bumper to bumper collision. If the at-fault party cannot cover the cost, your UMPD will, up to your own policy limit.



UMBI pays for injuries caused by another driver to you or other passengers in your auto. Again, using CA as the example, the minimum liability coverage in a standard policy is $15,000 per person/$30,000 per accident. So if there are three persons in your vehicle, and each has $15,000 in injury claims, a minimum liability policy won't cover the $45,000 total loss. But your UMBI coverage would pick up the difference, up to your policy limits. You normally cannot get more UMBI than you carry in your own Bodily Injury Liability coverage. (There is also coverage provided to you and family members residing in your household as additional insureds if involved in a collision as a pedestrian.)



It's unfortunate that we must carry UM coverages at all, but it's a fact of life that not all drivers are (a) insured or (b) if they are insured, that they are adequately insured. So I pay a few hundred dollars per year for the privilege of protecting myself, my wife, and anyone who occasionally rides in one of our two vehicles, from an otherwise irresponsible driver.



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