Major insurance scams

The theft of cars, buses, vans, trucks or trailers is one of the most common crimes in several Latin American countries and is also a major cause in insurance claims, whether fraudulent or not.
 
While in the past, car thieves, also known as "stolen cars", used to force the victim to enter the unit to be stripped of his stuff today, using methods more difficult to detect, do not break windows, simply disconnected inside the car alarms and fleeing the scene with him. In almost every Mexican state jurisdictions, auto theft is a crime punishable by imprisonment, due to the economic and emotional distress caused the victim. But what happens when the car owner is the same thief? Here we describe the most common ways people try to deceive the insurance .
 
Some of the most common scams regarding auto insurance are:

• Owner destructor. It refers to when the owner of the car theft and then pretends to destroy the car to collect the insurance money. Cars are usually found in isolated areas, burned or seriously damaged (immersed in water or buried underground).

• False repairs. The owners whose vehicles need repairs, sometimes trying to defraud the insurer with special repairs to 30 days. Usually report that the vehicle was stolen and hidden for a month, enough time for the insurer to settle the claim. Once you pay the claim, often the car is often neglected.

• Export fraud. After getting a bank loan for a new car, the owner gets a car insurance policy and reported that the car was stolen, but in reality is headed to another country to be sold on the black market, sea . The owner looking to pocket the insurance money and sell the car.

• Ghost cars. The individual creates a false record to ensure the safety of a car that does not exist. Following up a complaint for theft of the car and presents a fraudulent insurance claim. In this scheme can fit the old cars or luxury, because they produce greater value in terms of settlements by the insurer .

However, some cases of theft are genuine and for these victims is a series of anti-theft devices available, such as alarm systems and steering wheel locking devices.
 
Finally, it considers necessary to find an easy way to make money may seem more tempting than ever in this tough economy, but saving and exploring options for insurance cost are much better ways to get cheap auto insurance.