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Napoli Bern Ripka, LLP Blog

Napoli Bern Ripka, LLP Blog
Blog Category:
7/19/2008
Oguz Ozdemir
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Auto Accidents: How Much Insurance Fraud is Costing You

From staged auto accidents to the sale of fake medicare cards, insurance fraud is an increasing problem across the state and country. Napoli Bern Ripka would like to shed light on this crime that is estimated to cost the average family an additional $300 per year in increased premiums .Insurance fraud can be committed against policyholders or insurance companies. It occurs when a person intentionally deceives another about an insurance matter to receive money or other benefits to which they are not otherwise entitled. Since insurance companies divide the costs of claims among policyholders, fraudulent claims force increased premium costs for all policyholders.
     Insurance industry studies reveal that 10 percent or more of property/casualty insurance claims are fraudulent. This equates to about $30 billion a year, according to the Insurance Information Institute. The most common insurance frauds include "padding" actual claims, misrepresenting facts on an insurance application, submitting claims for damage or injuries that never occurred and "staged" auto accidents.
     The best way to fight auto accident insurance fraud and the criminals who commit it is to remain alert and follow the proper procedures should you become involved in or witness an auto collision. Be aware of possible fraud schemes. If you are involved in an accident and are approached by someone who suggests a doctor or lawyer who can help you "make money" or by a mechanic who offers to "bury" your deductible by inflating the estimate, do not accept these offers. Scenarios such as these are likely fraud schemes. Report auto accidents to the police, whether you are involved or are a witness. If you are involved, let your insurance company know, regardless of who was at fault. Your report is important to establish the legitimacy of your auto accident claim, as well as to determine if auto accident claims made by others are fraudulent. Record pertinent information and take note of it. If you are involved in an auto accident, keep a record of what happened and what was said. Get the names and phone numbers of all involved parties, passengers and witnesses, along with the names of their insurance companies. Keep a disposable camera in your glove compartment so that you may take pictures of any damage to vehicles immediately after a auto accident.
    When someone acts out of negligence and causes an auto accident, it is their responsibility to own up to their actions, if intentional or not. Auto accidents are inevitable, especially if they are planned. If you have been suffered a personal injury or loss or damage as either a driver or passenger in an auto accident, you may be entitled to compensation at law for the consequences of the accident. Don’t waste time and get a skilled auto accident lawyer that can guide you through every step of the way of the legal process. An injury lawyer has the power and knowledge to deal with insurance companies refuting complicated claims that can leave you at a loss. Napoli Bern Ripka, LLP are experts in New York, New Jersey, and Pennsylvania state laws that are able to help you to understand the value of your car accident case and explain how to proceed in obtaining justice

For more information on auto accidents involving insurance fraud
click here

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