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Putting the Brakes on New York Auto Insurance Fraud

Everyday honest people are paying more than they should for New York auto insurance due to fraudulent claims made under the no-fault state insurance plan. These claims have raised policy costs hundreds of dollars by car insurance companies trying to recoup their losses. Honest consumers are left footing the bill for criminal behavior. Some of the criminals cause accidents on purpose, file false accident claims or exaggerate injury reports. Many times crooked doctors or lawyers are also involved. The insurance companies, in a rush to meet state required deadlines for denying or paying claims, often don't have time for a proper investigation. They have no choice but to pay the claim. This costs millions each month. If the insurance companies didn't pass the losses onto us, they would go out of business. We need insurance companies so we pay the higher rates. Another less known type of fraud, but just as lucrative is the insurance broker fraud. Some brokers will set you up with a policy and take your money. Then one day you make a claim and find out that the policy you paid for doesn't cover what the broker promised. Always get a copy of your policy and check it to make sure all the coverages you pay for are listed and never pay in cash or to the individual broker. Always make out a check the insurance agency or company.