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Watch out for staged accident insurance fraud

On Behalf of | Nov 1, 2022 | Insurance Law |

Insurance companies have to do a lot to protect their interests. If they’re not careful, then they can be taken advantage of by their customers, which can have significant ramifications for the insurance company’s bottom line.

That’s why if you have suspicions that one of the claims that you’re handling is problematic, then it might be wise to get a set of legal eyes on it as soon as possible.

Dealing with staged accidents

Insurance fraud is more common than a lot of people realize, which means that you need to scrutinize your claims carefully to determine if they’re legitimate. Here are just a few of the ways that fraudsters may try to cheat the system to dupe your business out of money:

  • Two vehicles box in one of your policyholders in order to set up a rear-end collision.
  • Fraudsters wave a policyholder into a left turn only to be struck by another vehicle that was waiting for the left turn before initiating the crash.
  • An individual makes an abrupt and unwarranted stop when they know the person behind them isn’t watching, thereby taking them by surprise and causing a wreck.
  • Additional, non-accident-related damage is caused by the driver who is not at fault to artificially inflate the harm that was caused by the wreck.

There are other ways that accidents can be staged, so you need to really scrutinize your claims when they come in to be able to spot those that are fraudulent in nature.

Do you need a legal team to assist you with insurance fraud?

If you think that your business is being subjected to fraudulent claims, then you need to take action to protect your interests.

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