How Auto Insurance Companies Are Being Conned Into Helping SUV Owners Get Out of Debt
July 16th, 2010 | Author: weissheiss
What would you say if we told you there was a way you could get your auto insurance provider to pay off the lien on your vehicle? No, we didn’t say you could do it legally. We just said you can do it! Here’s how one group of SUV owners found a way to get their auto insurance providers to bail them out of debt and how the ring was finally brought down in a blaze of…almost fire?
What Happened
Is there anyone out there that hasn’t felt the sting of the recession one way or another? Whether it’s watching businesses close or seeing the rising number of computer programmers begging on the streets it’s impossible to miss the implications of our drooping economy. And as with all drooping economies there are people who find themselves unable to meet the financial obligations they signed up for when their jobs and more importantly their incomes were stable.
So what’s a driver to do but blow up their car and collect the insurance payment?
First and foremost, setting your car on fire is perfectly legal. You can do it anytime you want! The problem is, regardless of what you’re going to be doing with it you still have to pay the payments on that burnt out shell-unless you report it as an accident, maximize on your GAP insurance and convince your auto insurance company to cut you a check that’s guaranteed to get you out of debt!
A dealership in California that had a large number of SUV drivers trying to contact them to trade in their overpriced, gas guzzling SUVs for a smaller, cheaper and more gas efficient model came up with that very same idea. They formed an arson ring that would put their clients in touch with an arsonist who for a measly $300 would be happy to “steal” their vehicle, drive it to a remote location and set it on fire. The owners could then weep regretfully when the police turned up on their doorstep and file insurance claims to total the vehicle.
Debt solved in one easy swipe of a match.
How They Got Caught (And Why You Probably Would Too)
Pork product jokes notwithstanding, law enforcement isn’t nearly as stupid as most criminals would like to think they are. Sooner or later arson investigators are going to catch on to the fact that it’s a scam, and here’s the reason(s) why:
1)
Posted in Debt Insurance | 
Tags: Blaze, Financial Obligations, Incomes, Insurance Payment, Insurance Providers, Suv Drivers, Suvs, Swipe