The costs associated with a car accident are substantial. However, make sure to examine any repair bills, to avoid collision damage overcharging.
Just an estimate
Automobile accidents are bad enough to weather, but the next step after that, namely getting the car repaired, can almost be worse. Not only does one have to deal with the insurance company, but one also has to get an estimate for the repairs. It's also just that - an estimate. Nothing keeps a repair shop from holding to it before submitting the actual bill.
Edmunds explained that there are some repair shops out there that will give you a low estimate to begin with to be able to get the repair approved through the insurance company. Then, when the final bill comes, you have to pay anything else out of pocket when the repair shop increases the bill a bunch. Unless there was additional damage found in the automobile, the bill should not have increased. Sometimes the damage does not look as bad as it really is and the increase in bill is legitimate.
Car rental overcharging
One of the most commonly-accused parties in collision repair overcharging is rental car corporations. Over the years, numerous rental agencies have been accused of drastically charging up to twice the amount a repair would cost if a rental car is damaged. In 1988, according to the New York Times, Hertz was caught charging customers more than double the cost of repairs to fix cars damaged in crashes, netting $13 million over numerous years from the scheme.
A letter written to the "What's Your Issue?" column of the Chicago Tribune in 2010 claims National tried to gouge a male with charges for new radiator, front grille and bumper for a Ford Mustang a male was driving on his honeymoon in that year. The car broke down unexpectedly, and he got a replacement rental. He never had an accident.
Right after someone has been in an accident, they get "credit hire" services that get repairs and rental vehicles. Apparently, the services in the United Kingdom have been overcharging about $310 million a year, or about $200 pounds.
Fraud technically
According to the Texas Department of Insurance, it is insurance fraud when damage claims are faked or exaggerated. About $300 per year per policy is added to cover fraud losses at insurance corporations, according to the National Insurance Crime Bureau. It is not just unethical to try to get additional money out of an insurance company.
The NICB also estimates that up to $120 billion is lost annually to insurance fraud and that up to 10 percent of all injury and property claims are fraudulent.
Just an estimate
Automobile accidents are bad enough to weather, but the next step after that, namely getting the car repaired, can almost be worse. Not only does one have to deal with the insurance company, but one also has to get an estimate for the repairs. It's also just that - an estimate. Nothing keeps a repair shop from holding to it before submitting the actual bill.
Edmunds explained that there are some repair shops out there that will give you a low estimate to begin with to be able to get the repair approved through the insurance company. Then, when the final bill comes, you have to pay anything else out of pocket when the repair shop increases the bill a bunch. Unless there was additional damage found in the automobile, the bill should not have increased. Sometimes the damage does not look as bad as it really is and the increase in bill is legitimate.
Car rental overcharging
One of the most commonly-accused parties in collision repair overcharging is rental car corporations. Over the years, numerous rental agencies have been accused of drastically charging up to twice the amount a repair would cost if a rental car is damaged. In 1988, according to the New York Times, Hertz was caught charging customers more than double the cost of repairs to fix cars damaged in crashes, netting $13 million over numerous years from the scheme.
A letter written to the "What's Your Issue?" column of the Chicago Tribune in 2010 claims National tried to gouge a male with charges for new radiator, front grille and bumper for a Ford Mustang a male was driving on his honeymoon in that year. The car broke down unexpectedly, and he got a replacement rental. He never had an accident.
Right after someone has been in an accident, they get "credit hire" services that get repairs and rental vehicles. Apparently, the services in the United Kingdom have been overcharging about $310 million a year, or about $200 pounds.
Fraud technically
According to the Texas Department of Insurance, it is insurance fraud when damage claims are faked or exaggerated. About $300 per year per policy is added to cover fraud losses at insurance corporations, according to the National Insurance Crime Bureau. It is not just unethical to try to get additional money out of an insurance company.
The NICB also estimates that up to $120 billion is lost annually to insurance fraud and that up to 10 percent of all injury and property claims are fraudulent.
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