Motor vehicle insurance fraud is common in Australia and takes many forms.
It can include:
- Claims of theft to get money for an unsaleable vehicle or to benefit from over-insurance. Claims of theft can also be used to conceal accidents that have occurred while drink-driving
- Claims of theft that might be legitimate in themselves, but which benefit the thieves who on-sell the cars and motor vehicles to unsuspecting buyers, or 'rebirth' them (swapping vehicle identification numbers for those of legitimate ones) or strip them for blackmarket parts
- Claiming for the loss of a non-existent vehicle which has been falsely insured
- Staging accidents that enable exaggerated damage claims, made possible with hard-to-verify injury claims covered under Compulsory Third Party insurance
- Arson committed on a Motor vehicle
A great many fraudulent motor vehicle insurance claims are carried out in combination with other types of insurance fraud, making detection difficult and helping to push up already high premiums.
As with all insurance fraud, the pocket it ultimately hits is yours.
If you have information that you believe in good faith is insurance fraud, report it NOW!