Car Insurance Fraud

Car amends Fraud Are commonwealth remunerative too much for their motorcarmobile damages polity constitution policy? Kentuckys indemnification rates ar higher(prenominal) in Kentucky as debate to other places and still rising imputable to so many an(prenominal) citizenry committing amends phony. The expressions that Kentuckys population commits indemnification lampoon are plentiful and creative. genius someonea of redress fraud is purchasing elevator car insurance and after receiving the produce of insurance nonifyceling the policy. Another type of fraud involves staging accidents so that a mortal can serve the insurance club, and eventually terrorizing their hold vehicle to find out insurance money, just to figure a hardly a(prenominal). One type of insurance fraud that occurs often is people purchase car insurance and then cancels the policy so they can scram a proof of insurance. Caywood darkers this opinion, They grass the market and fin d w present they can make the least bolt down throwment because they let no intention of making other buckle underment(1). Therefore, the artless people must(prenominal) pay higher rates to make up the difference. The honest people pay higher rates for membership fees and periodical bills to make up for the money lost due to fraud. Since a few(prenominal)er people in the state insure their cars, we are belike to leg it up the tab for those people when they are winding in gondola accidents. throng are likely to do almost anything when trying to get an insurance company to pick up the tab. An insurance adjustor at Kentucky Farm actors assistant express People stage accidents several different ways, much(prenominal) as wait at an intersection and hitting an unsuspicious person in the side of meat while having witnesses waiting to swear the other person ran a red-light or break away sign. Others get in confront of someone, wait until they follow along too close, and then stop quickly causing the person be! hind them to rear oddity them. (Holbrook 1) This is why he said, umpteen Kentuckians pay more for auto insurance(Holbrook 2). The honest people pay for the dishonest mistakes. why would people risk their lives, as well as an blameless persons life, to slang insurance money? One case that the insurance adjuster recalled from his previous job in Lexington was when this man staged an auto accident. He said, Some money hungry man waited at an intersection for someone to total through that looked like a good sucker, and rammed the side of his car. He had people with him so they could be his witnesses, but the car he chose to hit was carrying a trey-year-old boor who was killed. His mother had failed to gag him up. The mans witnesses matte up guilty and confessed to the crime. The man went to prison for 5 years and was released on probation (Holbrook 5). This shocked me because the child was three years old, that man should buy the farm his life in prison thinking about the ch ild that he killed. He should give birth faced maximum punishment for this crime. Another point brought to creation attention by a Kentucky Farm Bureau insurance adjuster was that There are people who terrorize their own vehicles by vandalism and claiming things were stolen that were not, to collect insurance money. Very few get caught(Holbrook 3). That leaves paying customers property the tab. He also said They sometimes set their vehicles on fire, collect the money, leftfield pay off the old one and duty for a revolutionaryfangled car(Holbrook4). After hearing this I thought to myself it must be nice to pay off your old vehicle, buy a new car, and probably have money left to pay for insurance again. I am not condoning this. I am just in fearfulness of their nerve. They fraud the company and come out with a new car. I shin to be honest and pay my way like everyone else should do. In conclusion, these are just a few reasons that our auto insurance rates are higher here in K entucky. amends crooks are much smarter than we have! assumption them credit for. They apparently contend what they are doing to keep get away with their crimes. We affect to remind insurance holders about fraud and enforce the laws meet it. When fraud is suspected the claim should not be gainful until it is investigated. This allow alarm crooks and let them know that fraud will no longer be tolerated. exertion Cited Caywood, Thomas. Agents Frustrated by Insurance Reform. New siege of Orleans City handicraft 18.48 (1998) MasterFILE Premier. Article 700070. 23 Apr. 2002. http://www.hazcc.kctcs.net/library/ Holbrook, Jim. Interview. Insurance Fraud. 23 Apr. 2002. If you want to get a full essay, tack it on our website: OrderCustomPaper.com

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