According to a story published on July 13, 2011, recent research conducted by an independent company in the United States uncovered a number of car owners who claim that their sports cars were being used for farm use in order to save money for car insurance. Investigators revealed that owners of sports cars such as Ferrari, Porsche, and Audi registered their vehicles as farm vehicles and were benefiting from discounts up to 20% on car insurance policies. The insurance industry claims to have lost approximately $159.00 a year and has called for outside investigations to start verifying data supplied by policyholders. Obviously if the policyholder represents the car is being used as a farm vehicle, the insurance company would think there is less of a risk and that it was statistically less likely to be stolen or involved in a road traffic accident.
As an experienced Philadelphia car accident attorney for over three decades, I can say without question that insurance companies will look [...]
Experienced Philadelphia Car Accident Attorney Advises Those Who Insure Their Cars For Uses Other Than Normal Driving Ought To Beware Insurance Companies May Allege Fraud And Deny Payment Of Claim
Posted in: Auto Accidents
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