How To Spot Fraud
Sunday, October 21st, 2001 FraudInvestigators and claims professionals should closely review auto insurance claims from consumers who: • Report a vehicle being stolen and then recovered with stock tires and no hubcaps. • Have any previous claim history of similar loss. • Claim a vehicle loss that shows signs of import or drag racing. • Report stolen or vandalized expensive aftermarket parts, such as stereos, tires or rims, especially when parked at the insured's home. Performance shop fraud indicators include: • Claims phoned into police departments with no on-site investigation. • Shops that appear to charge customers and insurers different prices for parts. • Bills or receipts from a performance shop located far from the insured's residence. •A shop filing a large volume of vandalism claims or providing receipts for such crimes.
