Submitted by: Milford Cubicle via Submission Page
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Submitted by: Milford Cubicle via Submission Page
Lol nice one
And your friends probably did you an even greater disservice by posting it here, especially considering “Ancel” isn’t exactly the most common name.
*shaking head* not smart
funny post, but lame that someone wonce again wrote a comment purely for the sake of getting on failbook
This is nothing compared to those people who video taped themselves crashing their van into a tree to get insurance money.
The cops found the tape after going to the home to arrest someone on an unrelated charge.
Nice.
Except I’m pretty sure that’s NOT insurance fraud.
Once the insurance company pays you, they don’t really care what you do with the money, just as long as you don’t try to claim the same damage twice. He could take the $6600 and not have it fixed at all, unless he owes money on the truck, in which case the bank with the loan on it would make him get it fixed.
If the insurance company approved the higher quote, that’s what they think is a reasonable price to fix it – so if he finds someone cheaper, more power to him.
You are absolutely right – this is in no way insurance fraud. The insurance company simply paid the higher estimate.
Yep this isn’t fraud at all. In fact the insurance company would be inviolation of the policy if they refused to pay the amount they appraised the damages at…. well of course we’re assuming it was a legit claim from the get go.
Miss Defied is correct – I am an insurance agent and can confirm this. You can get your vehicle repaired anywhere or to any extent you want. They are paying the value of the vehicle.
Of course if you didn’t get it fixed fully (or they totaled the vehicle) they would never pay damages on the vehicle again.
FAIL!
I would probably do the same thing(as I know many people can’t deny) but making it that public was beyond stupid….
Yes, definitely fraud.
Funny as it is…….
I’m not a Fraud Examiner, but I am a licensed insurance agent.
If I was the owner of this site, I’d take this down for the persons protection.
That person should immediately return the excess funds to his company….
No, it’s not fraud.
Your insurance company insisted on a quote. He got a quote. You paid him the money.
After that, he could fix it himself and keep the money. The insurance payout is to repair the vehicle, it’s to compensate the insured for their loss. What they do with the money is their business.
But yes, if the bank holds the truck as collateral, you would be required to restore the truck to their collateral value.
Who are you trying to fool? The insurance company paid the higher estimate. No fraud.
yeah… well i am a fraud examiner and can confirm there is nothing wrong with what this guy did. Insurance companies use state licensed damage appraisers who have a confined set of rules. Bodyshops are free to charge whatever they like. By the same token insurance comapnies do not have to pay a higher amount just because a bodyshop estimates the damages higher. Auto insurers do not pay to have your car fixed, they pay you for damages from covered events. So this guy could keep the money and never fix the truck, still not gonna be fraud.
It depends on the insurance companies, most do the estimates in house and give you the money and you can choose to fix it with them or go elsewhere. So it’s not fraud. What is fraud is insurance companies.
I don’t fully get the joke here, but that’s probably because I don’t have a car :3
Um… Thats not insurance fraud, thats just how it works. Insurance fraud would be if he had staged the whole thing in order to get the check from the insurance company. What we have here is just an example of how insurance companies do things. They agree to cut you a check for X amount and it could either be less than or greater than the amount of the repairs. In this case the dude lucked out in that he was making money, usually thats not the case.
Totally not illegal actually. Insurance companies decide how much to payout, you’re free to do whatever with the money once you get it. Including getting it for cheaper
That’s not fraud. You can spend your repair check anywhere you want, or even just not get that particular damage fixed and pocket it. That’s how repair checks work.
That’s why most insurance companies actively push “let us fix it for you” plans, since then *they* pocket the difference between their initial estimate and the final repair bill.
I thought the insurance company gave whatever money the damage was to the repair shop after the deductible to keep costs down. At least that’s how it was with my insurance.
*facepalm*
exactly…he could take the whole cheque and buy a 300$ car and pocket the rest…not fraud
That’s hilarious!!!!!
LOL STUPID!! and BTW brazilgrrl everyone knows ur not brasilian just becouse u wrote brazil with a Z
Im not brasilian but i live here……..i wrote it with a z just because i wanted too =D
ok…i am now close to 40 years old have paid around $2000-4000 a year depending on the number of cars i have had for 23+ years, and never have claimed a damage on my insurance. yet if they had the gall to say i cant spend the $7600 check they give me for a car that originally $24,000+ four or five years ago, not to mention the interests rate that you get now, I think a jury of my peers would not only find me not guilty of fruad, but would allow me to sleep with the CEO’s sister and kick his dog in the balls.
You, sir, are WIN.
A) This is NOT Fraud.
B) He did not total his car, he was paid $6600 by his insurance company and found someone who could repair it for $5700. So, in the end his car is repaired to the same condition it was before the collision and he has $900 in pocket.
C) Following A and B above, your argument has no contextual meaning.
Besides not being fraud, it’s technically his own money, as that is exactly why we pay for insurance in the first place.
not insurance fraud
“you spelled asain wrong” is also grammatically incorrect
This isn’t fraud, you morons.
Yeah clearly not fraud, that’s how the system works. Clearly whoever posted this is a goddamn moron
This is legal. enough said.
It’s not fraud. The insurance company pays a reasonable cash value of the damage. The insurance company’s estimate is probably close to the actual cost to repair. The second insurance company may have missed damage to there ESTIMATE and may discover additional damage and have to suppliment the estimate. He may not (and probably wont) make out with additional money, and he may need to pay the $1000 deductible anyway. Estimates are exactly that – estimates.
I said second insurance company I meant second body shop (estimate).
The fail here is that its not a fail, its a win. This is not insurance fraud at all. He opted to get the cash value of the damage minus the deductable, he can do whatever he wants with the money. He doesnt even have to ge his car fixed. Fail blog failed for posting this.