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A 2022 study from The Coalition Against Insurance Fraud found insurance fraud costs Americans more than $308 billion yearly, and auto insurance fraud is a major contributor.
Since your car ($3,000) is worth much less than the 10x amount ($8,000), full coverage probably isn't the best value. It would mean spending $2,400 in premiums over just three years — nearly the ...
A viral TikTok video with more than 70 million views appears to show Ashpia Natasha, a young Queens woman, narrowly avoiding an insurance scam thanks to her dashcam.
The Coalition's main mission is to fight insurance fraud, through activities that include government affairs, public education, events and research. The Coalitions seeks to unite and empower private and public groups against fraud, control insurance costs, protect public safety, and reduce crime. [6]
Fraud rings or groups may fake traffic deaths or stage collisions to make false insurance or exaggerated claims and collect insurance money. [19] The fraud may involve the engineering of a deliberate collision with the innocent driver of another vehicle. [20] Some fraud rings involve insurance claims adjusters who authorize payment on the ...
Vehicle insurance protects the policyholder against financial loss in the event of an incident involving a vehicle they own, such as in a traffic collision. Coverage typically includes: Property coverage, for damage to or theft of the car; Liability coverage, for the legal responsibility to others for bodily injury or property damage
It's been a while since I last bought a car. I caught a shyster trying to sell a car that likely didn't exist and in the process learned a few things about how to protect yourself when buying a ...
Odometer fraud, also referred to as "busting miles" (United States) or "clocking" (UK, Ireland and Canada), is the illegal practice of rolling back odometers to make it appear that vehicles have lower mileage than they actually do. Odometer fraud occurs when the seller of a vehicle falsely represents the actual mileage of a vehicle to the buyer ...