Car Insurance Qoute

Reader’s Question:

What auto owner insurance scams do I need to look out for?

Abigail

Santa Fe NM

The first that you should ask is how an auto owner insurance scam can affect you as a policy holder. People who perpetrate scams do what they can to milk money from insurance companies. The problem is that it is not the insurance companies who loses money in the end. It is actually you! Yes, believe it or not. Because if the companies pay money due to scams, they recoup this by increasing your monthly premiums. Making sure that you or the company is scammed will save you money in the long run. It is important then for you to know what these people do and how they do it.

One scam is called as the T-Bone. What they do is choose a particular intersection and wait. When a car comes along, yours for instance, they ram it as it goes by. Then when the police eventually arrive, some witnesses suddenly appear and say that you were at fault because you ran a red light. If the police believes this tale then not only will they get money from the company but may also mean that you pay a hefty fine.

The swoop and squat is another favorite technique of people who want to scam auto owner insurance companies. What they do is to swoop in front of you and then stop and squat. Your first instinct if this happens would be to swerve away. However, an accomplice will move to your side in order to prevent you from swerving. The one is the squat car will then report injuries which is attested by a doctor. Like with the first technique, you will turn out to be the one at fault.

These are just two of the many techniques that they do. Learn more about this so that you can avoid being the real victim. The money that you paid for your auto owner insurance should not go to people who do not deserve it.