Ghost insurance brokers. Staged collisions. How do I spot and prevent auto insurance fraud? Fraudulent schemes are pushing up premiums in Ontario and are also tricky for drivers to spot, according to a poll by the Financial Services Regulatory Authority.
A new survey has found that a vast majority of Ontario drivers believe auto insurance fraud is widespread — and are worried about becoming the next victim.
Daniel Ivans, an insurance expert with RATESDOTCA, says ghost brokers — people who position themselves as an insurance agent or broker without a licence — are one of the more common frauds. Next, be on the lookout for staged accidents. These incidents can take several forms, experts say, but an example is a driver in front of you intentionally stopping short and quick to get you to hit him.
“Another scenario that we’ve heard about is you’re pulling out of a parking lot or onto a road, and somebody waves you in, but the driver hits you right as you’re going in,” says Hands. “And then it looks like you’ve entered a busy road without looking both ways.”
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