Comprehensive Car Insurance
- Car Insurance Legal Expense Cover – the Policy Essential
- Is legal expense cover truly an optional extra, or should it be viewed an essential? We assess it here and advise.
- Car Insurance. Optional legal expense cover is well worth the extra.
- Opt in for legal expense cover. Why and what does it cost? This article explains.
- Car Insurance. Optional legal expense cover is well worth the extra.
- Opt in for legal expense cover. Why and what does it cost? This article explains.
- Japanese Motor Car Import Insurance
- If your car has not been manufactured for the uk you may as well have problems getting insured. But there are specialist policies available.
- Car Insurance Gearing Up To Drive Down Costs
- Some comments on pay as you go car insurance and how the internet shopping is helping drive down prices.
Highway Robbery . Part 2
Summary:
A new hazard has appeared on our roads. Fraudsters ( medical insurance ) are “manufacturing” accidents and making a fat profit from the results. Find out more about this fast-spreading crime.
Author: Dot Piper
Insurers are quite rightly extremely concerned about the scale of these so called “accidents” and believe there could be as many as 10,000 of them occurring per year. A single insurance company may not easily pick up on the organised fraud but working with other insurers will give benefits. With this in mind the Association of British Insurers have created an Insurance Fraud Bureau. They will monitor details of suspect claims and scrutinize millions of them to find patterns or links. It is intended that the bureau will liaise with police and hopefully will take civil prosecutions against these fraudsters to recover money which has already been paid out.
There was a case of insurers linking 400 “staged accidents” to one ( cheap life insurance ) particular gang, involving other crimes in addition to the insurance fraud, where the police would only get involved if the investigation was funded by the insurers. Insurance fraud may be low on the priorities list as far as the police are concerned but in view of the danger to drivers as a result of these unpleasant incidents their reluctance to get involved will have to change.
A Home Office fraud review is due out in the summer of 2006 and hopefully the Association of British Insurers concerns will be addressed in this.
In the meantime, some advice from Norwich Union's head of fraud, Chris Hill, who says “Keep your distance from the car in front at roundabouts and slip roads and cut ( remortgages ) your speed. Keep an eye on the vehicle in front. The occupants may turn to look at you or may even make a gesture just before the trap is sprung.”
If a crash does happen, remember to get as much information as you can. Note how many occupants were in the other car, their sex and as much detail as you can about how they were dressed. Make a note of these details and make sure your insurer is aware of them.
These gangs are putting innocent drivers and their passengers at risk. It is vitally important that insurers and drivers work together in a concerted effort to stop this crime.