5/9/16 - Crash for Cash:
Definition: to stage or deliberately cause a road traffic collision solely for the purpose of financial gain.
Costing around £400m a year, 'Crash for Cash' scams are run by fraudsters who manufacture collisions, sometimes with innocent road users, hoping to profit from fraudulent insurance claims. With claims from a single collision potentially worth tens of thousands of pounds, organised fraudsters are orchestrating scams that involve multiple collisions and can be worth millions of pounds.
Identifying a 'Crash for Cash' scam
There are 3 different types of scam – Staged Accidents, Induced Accidents and Ghost Accidents.
Tell-tale signs that you've been in a Crash for Cash scam:
•The other driver is far too calm for someone that's been involved in a car accident
•They have already written down their insurance details before the accident happened
•Any injuries appear to be completely at odds with the force of the impact
What to do if you think you've been targeted:
•Note as much information as you can about the event, the driver, any passengers and the circumstances
•Take photos of the incident, if you are able
•Call the police and report your suspicions
•Call the IFB's Cheatline on 0800 422 0421 – your information may help us connect your accident to a wider, organised scam.
Members of the public can play their role in fighting back against insurance fraud by reporting what they know to the Cheatline. The Cheatline is a free service that enables members of the public to anonymously report information or suspicions about insurance fraud by calling 0800 422 0421 or reporting online. All information provided to the Cheatline is treated in the strictest confidence.