There has been a 33% increase in the number of insurance fraud cases being pursued in the last year. BMWs and Saabs are being abandon, burned or hidden and these are being found by insurance fraud claims investigators for insurance companies.
Many Americans are taking their cars to Mexico and abandoning them there.They then make false statements to the Police, which is considered a felony. Vehicles have been found ablaze in the Nevada desert, many cars have been found dumped in a Miami canal and a BMW was even discovered buried in a field in Texas. Some vehicles have been parked in the path of a hurricane, in the hope that the hurricane will destroy them.
The reason for auto fraud is obvious, people have credit they can not pay. In fact when investing suspicious claims auto insurance fraud agents take into account the financial conditions of suspect. If you find a person desperately in debt, there is your motive.
It is interesting to note that fraud is worst in places like LA or Nevada where the economic crisis is the worst.
Dear readers, after reading the Content please ask for advice and to provide constructive feedback Please Write Relevant Comment with Polite Language.Your comments inspired me to continue blogging. Your opinion much more valuable to me. Thank you.