|Beware of insurance scams|
|Friday, 13 July 2012 19:26|
Detective Asst Insp Tom Muleya
Insurance companies play a major role in ensuring that when disaster strikes, services and operations are quickly returned to normalcy. Most businesses are insured against some losses.
Now let’s look at one scenario involving a fraudulent claim:
X did not have insurance cover for his vehicle to meet repair costs. He then hatched a plan to defraud an insurance company. A week later he approached the insurance company and applied for insurance cover or policy in respect of an already damaged vehicle. At the time of applying for cover, he did not disclose details that his vehicle had already been involved in a road traffic accident.
Other situations are those that involve staged armed robbery. The fraudsters make false reports to police that they lost their vehicles to armed robbers along the highway. Armed with false reports, they go to insurance companies and then make claims in respect of non-stolen vehicles. Others deliberately damage their own vehicles so that they make claims. I will continue with insurance scams in my next article where I will also give tips on how to avoid such scams.
Remember, you should not be a fraud victim! This article is published in line with the ZRP theme for the year 2012; “ZRP, for total peace, stability and progress” and in conjunction with CID Serious Fraud Squad’s vision; “To be a beacon of excellence in the fight against economic crime in Zimbabwe.” Keep reading for more information.