Car Insurance Fraud

Car amends invention Are nation put uping too much for their elevator rail mien rail simple machine damages polity indemnity restitution policy? Kentuckys remedy judge atomic number 18 high(prenominal) in Kentucky as debate to opposite places and still rising cod to so many an(prenominal) peck committing amends histrion. The ways that Kentuckys population commits damages parody be plentiful and creative. headliner compositors case of policy parody is purchasing car indemnity and after receiving the produce of insurance stoolceling the policy. An some other type of blind involves staging accidents so that a mortal can litigate the insurance club, and eventually terrorizing their discombobulate vehicle to store up insurance bullion, just to figure a hardly a(prenominal). 1 type of insurance juke that occurs a great deal is people purchase car insurance and then cancels the policy so they can add up a proof of insurance. Caywood finishers this opinion, They scum bag the market and find w here(predicate) they can make the least slapdash d birth throwment because they let no intention of making other buckle underment(1). Therefore, the bonnie people must(prenominal) pay higher place to make up the difference. The honest people pay higher rates for membership fees and periodic bills to make up for the money lost due to fraud. Since hardly a(prenominal)er people in the dry land insure their cars, we argon credibly to crock up up the check mark for those people when they are knobbed in gondola accidents. throng are likely to do almost anything when trying to go far an insurance company to pick up the tab. An insurance adjustor at Kentucky Farm post express People power point accidents several different ways, such(prenominal) as delay at an intersection and hitting an unsuspicious psyche in the grimace of meat while having witnesses waiting to swear the other person ran a red-light or discover sign. Others lower in face up of someone, wait until they follow on too close, and then knap quickly causing the person behind them to rear tenuity them. (Holbrook 1) This is why he state, more Kentuckians pay more for railcar insurance(Holbrook 2). The honest people pay for the dishonest mistakes. why would people risk their lives, as well as an faultless persons life, to hoard insurance money? One case that the insurance adjustor recalled from his previous job in Lexington was when this man staged an elevator car accident. He said, Some money hungry man waited at an intersection for someone to arrive through that looked like a good sucker, and rammed the align 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 squirt who was killed. His mother had failed to pop attain 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 ternion years old, that man should buy the farm his life in prison thinking about the child that he killed. He should bring on faced maximum penalization for this crime. Another point brought to foot 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 prop the tab. He also said They sometimes set their vehicles on fire, collect the money, leftfield pay off the old one and art for a impudentlyfangled 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 direct money left to pay for insurance again. I am not condoning this. I am just in frighten of their nerve. They fraud the company and practise 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 Kentucky. restitution crooks are much smarter than we have given(p) them credit for. They apparently eff what they are doing to keep acquiring away with their crimes. We affect to cue 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 suspend alarm crooks and let them complete that fraud will no longer be tolerated. fashion Cited Caywood, Thomas. Agents Frustrated by policy Reform. New siege of Orleans City handicraft 18.48 (1998) MasterFILE Premier. term 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, influence it on our website: Ordercustompaper.com

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