The current economic downturn has proved to be a bigger blow with your budgets getting tighter than ever before. Buying a big SUV is no longer easy when you think of the maintenance and petrol costs. It's truly hard to afford such things under the present circumstances.
In almost all countries in the world, the recession has caused people to become desperate and face a lot of challenges. People are losing jobs and getting bills piled up to add to their trauma. This in turn is pushing them towards developing new plans for earning as much cash as possible. For many of them it would be a nice idea to have a good auto insurance payout. To them it seems an easier way of deriving cash by reporting a stolen car incident with their carrier. They do this in order to buy a cheaper car with the settlement amount and then have an extra sum of money to be utilized for meeting their other needs.
In the recent past, we've come across reports wherein even luxury cars have been burnt or pushed off high altitudes. we've come to know of one such cases wherein the car was even buried. All these acts prove how desperate people can become in order to prove that their car has been stolen or destroyed. All these attempts to falsify claims often fail to convince the insurance adjusters or investigators, since it's hard to believe that someone would steal the car with the sole purpose of damaging or destroying it.
A fraudster would face serious punishments from getting a jail sentence to paying hefty penalties. It's thus advised that you seek financial counseling as soon as you meet with a financial crisis. Your car loan repayment collectors as well as the finance house may be of great help to you under such circumstances. You might come across an opportunity to strike a deal or exchange your car for a model that is cheaper.
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