What Is Car Insurance Frauds

If you ve been in an accident and suspect you re the victim of insurance fraud you can get in touch with the insurance fraud bureau ifb cheatline by calling 0800 422 0421 or by filling out a form online.

What is car insurance frauds. Resources used on traffic closures investigations and law enforcement. Car insurance fraud occurs when someone deceives an auto insurance company in order to benefit financially. Another common form of insurance fraud occurs in the health care industry. The national insurance crime bureau.

Insurance fraud is any act committed to defraud an insurance process. Getting into a car accident is bad enough what with the wrecked car the possible injuries the auto insurance claim. Contact the ncib by. In the united kingdom there is an increasing incidence of false whiplash claims to car insurance companies from motorists involved in minor car accidents for instance.

You can choose to provide an anonymous tip or allow the nicb to contact you for further information. Consequences of car insurance fraud. Additional effects of car insurance fraud can include. The total cost of insurance fraud is approximately 40 billion annually according to the fbi.

Injuries and or fatalities to the victims. The severity of the consequences depends on a variety of factors such as the seriousness of the fraud whether or not it was a simple misunderstanding and if it was the first offense. The insurance fraud register is a database of known fraudsters people listed face reduced access to financial products and credit as well as higher insurance premiums. What s worse is that in rare cases that accident was a planned coordinated effort and innocent drivers become the pawns in an auto insurance scam.

The consequences of car insurance fraud can be serious or relatively light. If you are concerned about fraudulent car insurance claims you could consider installing a dashboard camera to record the road in front of you and provide valuable video evidence if needed. If you give your information you may be named as the tip s insurer in court documents. If you suspect you re the victim of fraud let your insurance company know.

Car insurance fraud is a serious and potentially dangerous criminal offense. Fighting car insurance fraud. For a 5 defaqto rated car insurance quote get in touch with us today. Life insurance fraud would be considered hard fraud and because of the dollar amounts involved is a felony.

Car insurance fraud is a sneaky and complicated business but steps are being taken to fight it. Text fraud to 847411 along with details about the fraud. If you suspect insurance fraud call 1 800 tel nicb to report it. Harm to the victim s credit rating.

Health insurance fraud is the act of deceiving misrepresenting information or concealing information with the intent to receive benefits. If you suspect you ve seen fraud get in touch with your state s department of insurance.