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video programs describe the national problem of vehicle insurance
fraud – and the proven solution:
As part of its educational initiative, CARCO Group Inc. has produced two informative
video programs that describe the nature of vehicle insurance fraud, the proven
deterrent provided by pre-insurance inspection, and the role of CARCO’s
advanced computer database system.
viewing these programs, you will understand the problem facing
many areas of the country. You will also appreciate
the significance of physical
with photographic documentation, as a front-line defense against the leading
property crime in the U.S.
The significant economic problem of vehicle–related insurance fraud
is national in scope and is growing at a steady rate in areas without effective
legal deterrents. The expansion of organized crime rings who employ a spectrum
of deceptive and sophisticated schemes, and individuals seeking illicit gains,
contributes to the escalation of vehicle insurance rates. Without effective
such as pre-insurance inspection, criminals will continue to reap windfall
profits at the expense of honest premium payers.
For example, it’s shocking to learn that a motor vehicle is reported stolen
in the U.S. every 25.7 seconds [according to the FBI’s 2001 “Uniform
Crime Reports.”] What is even more disturbing is that up to 30 percent
of these claims are attempts to defraud an insurance company and, in the
long run, to have the bill paid by honest premium policy owners.
Vehicle insurance frauds include intriguing “paper car” and title
frauds involving vehicles that do not exist, duplicate cars, export frauds, and
a mind-bending range of schemes that the motoring public will ultimately pay
for. Virtually all of these frauds are preventable by effective pre-insurance
inspection laws, as vividly described in CARCO Group’s informative
For additional information about Pre-Insurance Vehicle Inspection programs,
or for additional copies of the video programs, send us an e-mail
by clicking here.