Staying Alert For Auto Insurance Frauds
The most important thing we’d like to see you take from this auto insurance article is having an awareness of the depth and great lengths people (and criminal organizations) will go to scam insurance companies for money. All involving innocent people.
Insurance Scammers Are Smarter Than You Think
If you feel like you are victim of an insurance scam accident, first thing to do is call 911. Take pictures of the other passengers and make note of who is in the car at the time of the accident. Take pictures of the damage and who was driving and note exactly what happened, along with getting all license plate numbers involved. Beware of “witnesses” at the scene.
See if you can find a witness you feel is totally neutral in the situation and get their information. Don’t settle with cash at the scene. You can call the special investigations unit of your insurance company and tell them you think you are being scammed in an insurance fraud plot.
There are some very entertaining YouTube video fail compilations of people trying to scam insurance companies. Just search for “auto insurance scams”. We prefer not to post any here, because most of them have offensive language, however, here’s a video by ABC News that shows scammers in action:
Protect Yourself From Auto Insurance Scams
We recommend you watch some of these videos on YouTube of people staging a crime involving innocent drivers trying to scam insurance companies for money. The reason we’re posting this is so you’ll have an awareness of the lengths desperate people and illegal organized enterprises will go to scam insurance companies for money. In the cases where there are organized criminal enterprises, (that are extreme menaces to our society), these scammers drive up all of our prices that we pay for insurance. Unfortunately, not all scammers are caught, so this drives the price up for all of us.
Insurance fraud is a very serious crime. In Nevada, insurance fraud is a category D Felony, the prison sentence ranges from 1-4 years, also a fine up to $5000, and possible court costs. The person convicted of this could also be required to make payment to the State of Nevada for money spent investigating the case.
Additional examples of insurance fraud are exaggerating the damage to your car, damaging your own car and claiming it as an accident, pretending your car was stolen, lying on your application for auto insurance, faking injuries, etc.
Let Nevada Insurance Enrollment Guide You
By having a licensed auto insurance agent, you can rest assured all of your insurance needs will be met. We will always communicate any actions/changes that take place on your policy. Don’t hesitate to call us any time for assistance!
Recent Posts
What is a Health Insurance Subsidy?
A “Subsidy” is a special tax credit that you can take to help lower the cost of your monthly health insurance premiums. If you qualify for a Health Insurance Subsidy, it’s kind of like getting a gift card from the Government to help pay your health insurance premium. This subsidy is sent directly to the insurance company, which pays a portion of your premium, and you will be responsible for paying the remaining balance.
Medicaid Basics To Know
Medicaid is a health insurance program administered by the state and federal government, to provide health coverage for those who meet income restrictions or have qualifying medical needs. Medicaid can also be used alongside other health insurance coverages such as private health insurance, Medicare, etc.
What is Tier Pricing With Prescription Medications?
Your health insurance company’s formulary is a list of all the different drugs that their plans cover. Within the formulary, there are drug tiers. These tiers determine the level of coverage your prescription drug plan offers for a specific type of medication.