Investigators 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.
