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Deep dent on my car, should I upgrade my insurance?
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04-26-2011, 04:02 PM | #1 |
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Deep dent on my car, should I upgrade my insurance?
So I was driving to work and I heard a loud clonk on the passenger side of my car. When I get to work, I look to see that I have a really deep 1 inch red dent next to my gas tank. Now I've asked an auto repair place before about repairing things on this panel and he said it wouldn't be cheap because it's a large panel and they have to blend it.
So here's my dilemma... Right now I have a pretty high deductible. I can either file collateral and pay the deductible to fix my dent, --or-- I upgrade my deductible to something very low and then report the dent as something I got after the upgrade. my question is, has anyone tried to do this before? and what are the chances of this working out in my favor? Is there any way they can tell that the dent was from a long time ago versus recently? I'm thinking about upgrading, and then waiting a month to claim it. Any ideas or advice would be helpful. Thanks! |
04-26-2011, 04:31 PM | #6 |
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So let me get this straight... Your car gets dented, then you come this forum and start a thread asking for feedback about defrauding your insurance company? You do know insurance fraud is a felony right?
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04-26-2011, 04:33 PM | #7 |
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I advise against committing insurance fraud.
http://www.insurance.ca.gov/0100-con...-is-felony.cfm Beyond being highly unethical, it is a crime.
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http://www.e90post.com/forums/showthread.php?p=20230306 |
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04-26-2011, 04:45 PM | #8 |
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I'm no fan of insurance companies. After all, they say sell life insurance or an annuity, and they have ways of not paying out. And, they even charge a mortality risk expense in case you die too soon, or live too long, and mess up what their actuaries were thinking. Then car insurance uses used parts (some that advertise on TV with animals that are green, have an Australian accent and a long tail) to fix 2010 BMW's. Pretty bad are health insurance providers who look to see if you have a lapse in coverage for say 63 days, and if so, you won't be covered due to a preexisting condition.
For all the cheating (morally speaking, all legal) that insurance companies do, so that the CEO can have a shore house, corporate jet, and medical doctors as lackeys, I would never condone fraud, which is what the OP is suggesting. |
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04-26-2011, 04:51 PM | #9 |
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I bet if the State dept of insurance asked E90 for the contact information...
http://www.e90post.com/forums/showthread.php?t=522176 Cobb gobbler
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Kevin Goto
2000 740i-Annalisa (sold 2018) 2008 335i-Weebl. Weebl may wobble but has DTC 2012 X5d in Sparkling Bronze ( The Ultimate Cat Carrying Machine)-RIP BMW buyback 2019:2017 A3, 2018 Audi SQ5 |
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04-26-2011, 05:37 PM | #11 |
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As everyone else said, your original fraud idea sucks. And unless the damage is significantly more than your deductible, I'd avoid filing the claim at all because a collision claim will most likely increase your premium more than the ins. co. pays out!
Tom |
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04-26-2011, 07:45 PM | #12 |
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I used to work for insurance company. Any time someone reports a "Loss" one of the first things they review to verify coverage is see what changes have been made to your policy. Adding coverage or changing deductibles within 60-120 after a loss is reported is a major red flag.
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04-26-2011, 08:23 PM | #13 | |
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Quote:
Aside from red flags, insurance companies are cracking down on fraud and there are many instances where insurance companies are prosecuting to the full extent. |
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deductible, dent, insurance |
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