Car Insurance Fraud

Car Insurance Fraud Are raft righting(a) similarly much for their car am residuals? Kentuckys indemnity amends policy pass judgment be higher(prenominal) in Kentucky as plead to other places and still rising due to so galore(postnominal) large number committing restitution travesty. The ways that Kentuckys population commits insurance caper are plentiful and creative. One type of insurance fraud is purchasing car insurance and after receiving the substantiation of insurance canceling the policy. Another type of fraud involves staging accidents so that a psyche can sue the insurance company, and ultimately terrorizing their protest vehicle to collect insurance money, just to attain a few. One type of insurance fraud that occurs oftentimes is people purchase car insurance and then cancels the policy so they can squeeze a proof of insurance. Caywood offers this opinion, They rat the market and find where they can rag the least rarify recompense because t hey have no intention of making another(prenominal) payment(1). Therefore, the unprejudiced people must pay higher rates to make up the difference. The honest people pay higher rates for membership fees and monthly bills to make up for the money confounded due to fraud. Since fewer people in the state plug their cars, we are likely to pick up the tab for those people when they are involved in car accidents.

lot are likely to do almost anything when move to get an insurance company to pick up the tab. An insurance adjuster at Kentucky Farm Bureau said People stage accidents several(prenominal) different ways, such as del ay at an crossover and hitting an unsuspect! ing person in the side magical spell having witnesses waiting to swear the other person ran a red-light or deliver sign. Others get in precedent of someone, wait until they do along too close, and then stop quickly causation the person behind them to rear end them. (Holbrook... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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