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Yacht Insurance
You`ve taken possession of a sea-faring beauty and you have it moored in the local marina. You take to the deck and begin to explore it; then realize Yacht Insurance you`ve forgotten to purchase Yacht Insurance. Don`t panic at the thought of not having Yacht Insurancethough as a simple phone call can fix the problem.

Auto insurance fraud is dramatically on the increase. Non-profit sites like the Coalition Against Insurance Fraud report that auto insurance fraud costs in the region of $12.3 billion or more each year. What`s more it is a very lucrative business for the criminals.

But how is this type of fraud generally perpetrated and how can you tell if it has happened to you?

Auto insurance fraud often comes in several guises the more common ones being these:

STAGEDD ACCIDENTS

Pedestrian Claims
There is a lot to consider when talking about Pedestrian Claims. You may have heard of the no win no fee term and know what it means which is used widely today. For those of you who don`t the following is the definition. The no win no fee arrangement is the one in which you have to pay the lawyer only with the condition of him or her winning your claim. So, in other words, if you want to get an injury claim, etc and you hire a lawyer that doesn`t win your case, you don`t have to pay him or her anything at all. So this is very good news for you as you have nothing to lose. This following is the reason why: the no win no fee arrangement (or the conditional fee arrangement, how it`s technically called) gives the opportunity of claiming to people who wouldn`t have afforded it if they had to pay out first. It has replaced the traditional fee arrangements with a fee that only applies in the case of a successful compensation claim. There can be some catches to this however, and you should be informed thoroughly before you make any decision. Pedestrian Claims can be a complicated business but if you search on line you can find out a lot more information.

An accident is staged in which the drivers of two or more vehicles intentionally collide with you. Normally a driver will pull up in front of you by temporarily slamming on their brakes and their accomplice will run into the back of you.

They then make it look like it was your fault.

FAKE HELPERS

Scam Helpers will wave an innocent driver into traffic, but then an accomplice will deliberately crash into the driver. Again the innocent driver appears to be at fault.

AUTO REPAIR SHOPS

Auto insurance fraud is increasingly being committed by auto repair shops. They scam insurance companies in several ways.

They may bill for work not actually performed on the car, they may over quote on the work, charging more for it than they should, claim for property stolen from your vehicle that actually did not exist in the first place or deliberately cause further damage to your car for which they bill the insurance company.

OTHER SCAMS

Several other auto insurance scams have recently been reported including:

Falsely reporting a car as stolen
Fake hit-and-run claims
Destroying a vehicle by setting it on fire

Being aware of these scams and frauds can help you to avoid them and ensure you are not considered to be part of the fraud by the insurance company if they suspect a fraud has taken place.

Trying to prove your innocence in some cases may be hard to do.

Now you are aware of some of the more common auto insurance frauds you know what to look out for and can potentially avoid them.