A carefully calculated accident.

Summary:

They make it seem like a real car crash: Fraudsters are ( mortgage quotes ) creating accidents on the road so they can make fake claims through insurance companies. As a result, they're getting away with hundreds of thousands of pounds every year.

Author: Bridget Carter

You're driving along, minding your own business when suddenly a run down car

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in front of you slams on the brakes. The car has no brake lights and is right in the middle of a roundabout.

Seconds later you go flying into the rear of the vehicle - only ( motor insurance quote ) because you have no chance to stop in time to avoid an accident. The vehicle is packed full of people.

A genuine accident? Actually it's not. It is a set up acted out by fraudsters who force a crash with an innocent party. You find these criminals preying on drivers at a round about or a on a busy motorway slip road.

The next episode in the chain of events is that the fraudster will take their car to be repaired and then invent invoices for grossly over inflated repair bills. Or they could also do the same for a car hire company - hire a car then invent an invoice with a grossly inflated price of the cost of the car hire.

When it's time to make a claim, they do so on the innocent motorist's insurance. Most of the time they claim for the maximum amount that they are allowed to. ( term assurance ) Claims for accident compensation on pretend injuries are also made and they make the claim for all of the passengers inside the vehicle. They might even throw in loss of earnings as part of the claim too. Of course, all the invoices are false, but the next thing you know, they've managed to negotiate a payout that has rocketed to £20,000, maybe even more.

It is cases like these which has put fear into the Association ( life insurance policies ) of British Insurers. So much so that they have launched their own insurance fraud bureau to tackle the problem.

After all, these sorts of criminals are cheating insurers out of thousands of pounds each year and the bureau has the power to monitor patterns of behaviour with respect to studying claims to see if there are any patterns on claims in their bid to stamp out fraud.

It is difficult for an individual insurer to do this, but the bureau has more collective strength and can frequently liaise with the police.

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