More People Making Insurance Claims as Debt Grows
As economic times grow more and more ominous, people are taking drastic measures to pay their bills or get out of paying them completely.
One thing that is becoming more common is auto insurance fraud. Drivers are taking their used cars and either sinking them in the lake, ditching them or setting them on fire to collect the insurance money. Dozens of SUVs, luxury cars and used cars have been found on fire in places like Los Angeles and the desolate Nevada desert. Others park their cars in the paths of hurricanes and other disasters to rid themselves of the debt and car payments.
According to authorities, most of the people making these claims are first-time offenders who need a quick fix for their financial mess. Unfortunately, they do not thing about the long-term consequences to their actions.
“We see people doing this kind of crime who ordinarily wouldn’t steal candy from a store,” explained Tom Reilly, a sheriff’s investigator in Texas.
Many of the people committing this fraud think that insurance companies are “rich and fat” and they can afford to pay out a few dollars. However, as the fraud instances increase, the costs get passed down to other consumers through an increase in premiums.
Don’t try to defraud your insurance provider in hopes of collecting the money. Call the lender that financed your used cars and try to work something out. It’s better than breaking the law!
