So how does an insurance claim become “questionable?” Authorities say there are seven reasons, but most are because they were “faked/exaggerated injury”. Other reasons include “excessive treatment” and “staged/caused accident.” According to reports, most of the questionable claims come from automobile insurance policies. In fact 83% of questionable claims in 201 involved auto insurance.

Allstate responded to the report. Krista Conte, New York spokesperson for Allstate said, “We commend the NICB on their efforts to fight fraud and raise awareness about this issue, which is extremely important to all New Yorkers. Not only is no-fault fraud, or auto accident fraud, costing New York consumers and insurers hundreds of millions of dollars, it puts drivers at risk. Those who would commit this type of crime are taking advantage of the broken no-fault system and are organized, calculating and part of a big business. They are gaming the auto insurance system and the victims are honest, hard working New Yorkers.”

Questionable Insurance Claims Spike Sharply In New York is a post from: Peppercoin Insurance

Accident Forgiveness: In the past, every time you got in an accident your insurance premiums soared and you ended up paying way more. But now many insurance companies are offering accident forgiveness. If you’re in an accident that is your fault, accident forgiveness will protect your driving record and prevent your rates from skyrocketing.

Deductible Rewards: Many insurance companies have realized how annoying it is to be a great driver, but not get any incentive for it. Now with deductible rewards the insurance company will take a certain amount of money off of your Collision deductible every year you go without having an accident.

Safe Driving Bonus: When you don’t get into accidents, the insurance company doesn’t have to spend any money on you. Now some companies are giving you a piece of your money back as a reward for being a safe driver. Every six months to a year they’ll cut you a check if you haven’t had any issues. The amount of the check is usually equal to a small percentage of your premium.

New Car Replacement: This term is just like it sounds. Since cars lose their value so quickly, drivers who totaled their new cars ended up with a bad deal. They’d get the money equal to what their car was worth, which worked out to be a bad deal. Now some auto insurance providers are promising to give you a new car if yours is totaled within the first three years– not just the depreciated value.

Auto Insurance Terms Defined is a post from: Peppercoin Insurance

This year’s economic troubles have put a strain on drivers’ budgets, and the Department of Insurance is worried that some Connecticut drivers might rely on phony auto insurance providers to trim their household expenses. However, by buying auto insurance cards issued by scammers, rather than legitimate insurance providers, these drivers only risk losing everything.

The scam? Real auto insurance providers in the state of Connecticut always issue cards to their policyholders, as proof of their coverage. Car owners must show these cards to officials whenever they register their cars. State law mandates that they permanently retain these cards in their vehicles–a law that the policy routinely enforce on Connecticut drivers.

Recently, however, there’s been a spate of cards issued by fraudulent persons or organizations. Drivers have even been known to purchase these cards without apparent awareness of their fraudulent nature.
The Connecticut Insurance Department warned drivers that, “while legitimate insurance coverage provides protection for you, your family, and other people injured in a motor vehicle accident, trying to use fake insurance leads only to trouble.”

If you get into an accident, the issuer of your fake auto insurance card will not be able to cover you for any of the financial losses you sustain. You may end up having to pay for all the damage done to other drivers’ vehicles or person, costs that can easily add up to tens of thousands of dollars. Although you will have saved money at first, buying a fake auto insurance card, after an accident you could end up under sever financial strain, or possibly bankrupt.

The Insurance Department cited an additional example of the perils of fraudulent insurance sales. A husband and wife from Waterbury, CT had paid $540 to someone claiming to represent the Nationwide Insurance company. They did not subsequently receive their card or policy statements. Instead, they receive a phone call from their “agent” asking for an additional $600. If they did not pay up, the “policy” they bought would be taken away, said the scammer.

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Connecticut Regulators Warn Drivers: Auto Insurance Fraud Risks Money And Lives is a post from: Peppercoin Insurance

Other variables factor in when figuring the price of insurance for these vehicles. The city and state where the SUV will be driven, the credit history and driving record of the driver, and whether the vehicle is outfitted with any sort of anti-theft devices can all play a part in how much your premium is going to end up costing you.

With all the hype about the SUV being so much safer to drive than a car, you would think that these vehicles would cost less to insure – not more! Most people who drive these larger vehicles say that they feel safer in them. They may feel safe, but this does not mean that their driving is any safer, and the insurance companies know this. They do tend to come out of an accident with less damage than a car would get, but the damage that they do receive is much more expensive to have repaired. Since their bumpers can be considered a bit fragile, as they do not have to meet the standards set by the government for bumpers, just a little bump by another vehicle can end up costing hundreds of dollars to repair.

SUVs are also built differently than cars, which can make them more dangerous to drive. These vehicles do not have a balanced center of gravity because they are tall. This makes them much more prone to flipping over when taking a turn at a high speed, trying to steer clear of a collision, or actually being involved in a collision. Any time an SUV rolls, it is expensive to repair both the vehicle and the humans who get hurt. The insurance companies know this, and charge accordingly.

The weight of the SUV can cause it to do extensive damage to a small car, even if the accident was not considered a major one. This also adds to the premium. In addition, any time a person is injured by an SUV, his chances of being badly injured are 300% more than if he or she had been hit by a car. Is it any wonder that SUV insurance premiums are more expensive?

You can compare prices by doing your homework and checking out the insurance companies you are most interested in and seeing which one will insure your SUV for the lowest price.

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Auto Insurance For Your SUV is a post from: Peppercoin Insurance