We as a company are staunch believers in combating fraud within the industry and are members of IFIG. There are several scenarios which seem to be the most common in this type of claim, personal injury, exaggerated claims, staged accidents, nonexistent accidents, staged burnouts, fictitious hire and storage charges.
Fraud is estimated to be costing over £350m a year in the motor insurance sector alone according to the Association of British Insurers (ABI). This can range from individual policyholders to more organised fraud rings that on occasion hide the vehicle or move it many miles to a different area of the country. We are able to deal with this effectively as we have a vast network of engineers, allowing us to accomplish compatibility reports effectively. We often find that cold calling is beneficial when dealing with this type of case to prevent the vehicle disappearing, and will do our very best to track the vehicle down, often undertaking more than one cold call.