Car Insurance Fraud Cases Increase As Credit Crunch Makes It Effects Felt

 Car Insurance Fraud Cases Increase As Credit Crunch Makes It Effects Felt

A report by 4autoinsurancequote.org says that recent credit crunch in America has led to the increase of car insurance fraud cases. Mike Mckee, senior special agent, NICB, agrees with the report and says that car insurance fraud cases increase in times of economic downturn. Most car insurance fraud cases involve first-time offenders who destroy their cars in a deserted area, claim the car insurance, pay off for the car, and make a profit.
Car insurance fraud is most prevalent in states like California and Florida because there is a lot of open land and streams where the car could be safely destroyed. The report also notes that a number of car insurance frauds are done with the tacit or direct involvement of the car dealers.


Photo source InsureWish.com
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This entry was posted on Tuesday, December 27th, 2011 at 2:49 pm and is filed under Car insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.