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General Automotive Interest
Automotive Insurance and such
Isn't this the largest insurance scam?
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<blockquote data-quote="ALBundy" data-source="post: 162557" data-attributes="member: 15"><p>It all depends whether the victim will go to the distance. A friend of mine had his Camry carjacked in Shah Alam. Insurance company was only willing to pay the so called market value of the vehicle which was like 85% of the sum insured. Of course my friend said no, and told the agent that he will only settle for the sum insured since he has already paid a full premium. To make a long story short, he got 95% of the sum insured after 6 months. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="ALBundy, post: 162557, member: 15"] It all depends whether the victim will go to the distance. A friend of mine had his Camry carjacked in Shah Alam. Insurance company was only willing to pay the so called market value of the vehicle which was like 85% of the sum insured. Of course my friend said no, and told the agent that he will only settle for the sum insured since he has already paid a full premium. To make a long story short, he got 95% of the sum insured after 6 months. :) [/QUOTE]
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Isn't this the largest insurance scam?
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