Small Business Finance Info  
Finance Articles


Car Insurance Fraud: Protecting Yourself From People Who Stage Fake Accidents To Collect Your Car Insurance

A lot of people would try to find some ways to collect extra cash especially during the holiday season. Although many people would work extra hard to have more money to spend over the holidays and some would just want to get some quick cash by scamming innocent people. Some people just don’t think that the holiday season is a time for them to stop fooling around and earn their keep honestly.

According to experts, car insurance claims would increase over the holiday season because of many minor accidents on the road. Although many of these accidents are legitimate, there are some accidents that are staged just to collect car insurance. The sad thing about staged accidents is that sometimes things could get out of hand and you get to pay more than you should not only in terms of money or car insurance but with your lives and limbs.

Some Tricks People Play To Get Your Car Insurance

The best way for you to protect yourself from those people who are just out to get your car insurance is to educate yourself on how they work. One of the most common ways to stage a fake accident is the read end car accident where a scan driver would quickly get in front of you and then slam the brakes. Even if you are just traveling within the speed limit, you may not have enough time to stop your car before you hit the rear end of the other car. If you hit the rear end of the other car, the driver of that car could claim for damages on the vehicle. That driver who caused the fake accident could also collect money for medical expenses against your car insurance.

To avoid being a victim of the read end tactics, make sure that you watch out for vehicles following you. If you find somebody tailing you and tries to overtake your car, don’t panic. Just slow down and pull over the side of the road if you can. If you do not have the opportunity to pull over to the side of the road, keep a vigilant watch on that car behind you. Make sure that you leave ample space between you and the next car so that you will have enough time to hit the brakes if the driver in front of you suddenly stops.

About the Author
Myles Johnstone writes exclusively about finance related sites such as Refinancing Finance Info.com and Small Business Finance Info.com

Source: Business & Finance Articles

NOTE: You may only use this article if the article source, the author details and links remain in place and active. We use copyscape and other similar tools to ensure our content has this information with the article.

< Back to Finance Articles

Below are a few more articles about insurance:

Insurance Misconceptions That You Need To Know When Buying Your Policy
Do You Have a Small Business? Then You Need Business Insurance
Vehicle Insurance: Protecting Yourself From Some Unexpected Expenses On The Road
Getting Employment Insurance
Insurance Attorney: When You Need Help Recovering The Cost Of Damages On Your Car
Having Insurance Problems? Seek an Insurance Consultant
The Job of an Insurance Agent
What Is Liability Insurance?
Keep Up With the Times: Get Progressive Insurance
How to Choose an Insurance Broker
Just Bought a New Car? You Now Have to Choose an Auto Insurance Company
Auto Insurance Company: The Allstate Corporation
The "Forgive and Forget" Insurance Company: Allstate Insurance
Geico Insurance Discounts
Mercury Insurance; For Personal and Business Protection
Keeping Yourself Smart and Healthy with Medical Insurance
Aetna Health Insurance; For You and Your Family
Car Insurance Fraud: Protecting Yourself From People Who Stage Fake Accidents To Collect Your Car Insurance
Dental Insurance: A Financially Advantageous Choice
Farmer Insurance: Is it Possible?
What Kind of Flood Insurance do You Need?
Health Insurance: Getting Protection For The Entire Family
Some Info on Finding out Your Health Insurance Coverage before Buying It
Home Insurance: Protection Against Unforeseen Circumstances
Home Owner Insurance: Providing Owners With Peace Of Mind
Individual Health Insurance: Taking Care Of Yourself This Holiday Season
An Insurance Lead: The Broker for Insurance
Life Insurance: Providing For The People You Love
Having a Life Insurance Policy
Motorcycle Insurance: When You Want To Feel More Comfortable On The Road
Online Car Insurance: When You Want To Get Coverage Fast And Easy
Travel Insurance: Business Or Pleasure, Be Covered For All Eventualities
What Is Traveler’s Insurance?
Why Consider Vacation Insurance
Why Choose Nationwide Insurance
Protect Yourself and Your Assets with Renters Insurance
The Benefits of Term Insurance
Whole Life Insurance: Protected Life-Long
Pet Insurance: Understanding The Needs Of Your Pet