What to do if you’re a victim of car insurance fraud

Have you recently been involved in a car accident that seemed suspicious? Would you know what to do if you were involved in a fraudulent scheme? The Insurance Bureau of Canada (IBC) estimates that insurance fraud costs policyholders, insurers and Canadians around $1 billion a year. The team at Millennium Insurance Corporation—we’re a car insurance provider servicing Edmonton and surrounding areas in Alberta—wants you to know what to do if you’re a victim of insurance fraud.

What to look out for?

Criminals and insurance scammers have been staging car accidents for years. However, many of the tactics used have stayed the same. Here’s what you should look out for while driving to prevent yourself from getting involved in a fraudulent scheme:

  • A driver in front of you who breaks suddenly and violently (keep an eye out for a backseat passenger who acts as a “spotter” to see when you are distracted)
  • A driver who waves you in to merge, then speeds up or slows down, forcing you into an accident

Following the accident, be wary if you note the following suspicious behaviour:

  • The other driver tries to leave before the police arrive
  • The other driver insists on calling emergency services after a minor collision and complains about severe head and neck injuries
  • The other driver gives an inaccurate account of what happened to the police

Does car insurance fraud only involve staged accidents?

On the contrary, a large number of fraudulent claims come from exaggerating a crash that took place unintentionally. If you’re involved in an accident, here are some tips from the IBC for collecting evidence to help minimize exaggerated claims.

  • Call the police immediately; when they arrive, make sure to insist on a police report, even if the damage is relatively minor
  • If it’s safe to do so, take pictures of both vehicles after the accident
  • Note how many people were in each vehicle and write down their names and drivers’ license numbers

Report it

Time is of the essence when reporting insurance claims. At Millennium Insurance Corporation, we provide insurance services to those in St. Albert, Sherwood Park, Edmonton and other parts of Alberta 24-7, so whatever the time, let us know immediately.

You can also call IBC’s 24-hour toll-free number at 1-877-IBC-TIPS (422-8477) and provide the details of your incident. If it turns out that it was suspicious, you’ll be taking the appropriate measures to protect yourself and may also save someone else from becoming a victim of insurance fraud. 

Want an insurance company that takes fraud seriously?

In order to best protect our customers, Millennium Insurance Corporation takes fraud seriously. If you suspect that you’ve been the victim of fraud, contact us right away. Better still, if you’d prefer to talk to someone face to face, visit our insurance office—we’re conveniently located in Sherwood Park, Edmonton.

Need help? Speak to one of our agents
1-866-467-1245  or  780-467-1500