nicksta43 wrote:
So your saying if I dent my quarter panel, take it to a shop, pay the guy $350 cash to fix it I created insurance fraud because I didn't report it to my insurer?
I'm confused by the question. Are you asking if it's fraud for not reporting a claim for damage to your own car to your insurance company? If so, then the answer is absolutely not. You are under no obligation whatsoever to report damage to your vehicle to your insurance. If you want to handle it yourself, you're free to do so. My reference to fraud was in the rate evasion aspect of it.
In reply to Klayfish:
If you don't mind me asking, what kind of requirements do you need to work in insurance investigation?
Sounds like it would be interesting.
Many fraud investigators for auto insurance companies are former police officers. Insurance fraud involves things like rate evasion, but the "big fish" are the fraud rings. Large groups of people, usually involving patients, attorneys, doctors, sometimes shops, that manipulate claims or sometimes flat out fake them. Before anyone goes flaming away, it's not saying that all shops, doctors, etc...do this. Very, very few do. But the ones that do steal big time bucks.
Other way to get into it is to work in auto insurance claims. That's what I did. After you handle claims for a while, you really get a feel for it and understand the insurance policy. You can then transition into fraud (called SIU in insurance circles).
nicksta43 wrote:
Zomby Woof wrote:
nicksta43 wrote:
So your saying if I dent my quarter panel, take it to a shop, pay the guy $350 cash to fix it I created insurance fraud because I didn't report it to my insurer?
100%
berkeley that!
Guess I'm one of the most fraudulent men on Earth, then.
Klayfish wrote:
nicksta43 wrote:
So your saying if I dent my quarter panel, take it to a shop, pay the guy $350 cash to fix it I created insurance fraud because I didn't report it to my insurer?
I'm confused by the question. Are you asking if it's fraud for not reporting a claim for damage to your own car to your insurance company? If so, then the answer is absolutely not. You are under no obligation whatsoever to report damage to your vehicle to your insurance.
Not here. Any damage to your vehicle must be reported to your insurance company.
I never do, but we all know what I am.
I think I'm just gonna leave this can of worms be. Note that, as a student, my permanent address is kinda arguable. I'm only not living on campus because for the same money as a concrete box and a meal plan, I can live a few miles away in a 1050 sq ft apartment with hardwood floors and eat like a king.
