How car insurance premium evasion fraud is carried out

Augusta

VIP Contributor
Car insurance premium evasion is one of the cwr insurance policy frsud that is committed by car insurance policyholders a lot of times

Policyholders alway deliberately gets involved with insurance scams.abd trying to evade premium payment is no exceptions. So some car insurance drivers will go ahead to mislead insurance companies by using a false address from a lower-premium area when registering their vehicles. This is so they will pay chesper premium than what they are supposed to pay


Anotheer of auto insurance fraud is when policyholder knowing reduces to add a new driver in the household to their information with the insurer
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What happens is that some policyholders will deliberately omit a driver, which can be at member of the family on the family policy to prevent increased rates. The car insurance premium evasion frsud is one of the outstanding car insurance frsud as a lot of people are doing it.

So to avoid committing this frsud all car policy holders are expected to give accurate details when it comes to their personal information, vehicle information and driving history plus ZIP code, vehicle registration and prior accidents. it will help for insurance company to get an accurate premium and avoid violating any laws.
 
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