Operation Dark Horizon - Auto Insurance Fraud Bust
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@Gutsyndicate Insurance premiums are high because of fraudulent claims. Your premiums go up after you get in an accident because you are a higher risk, so you pay more. The company I work for pays out 70% of all the premiums they take in in claims, 25% of the premiums goes to salary and over head, and only 5% is profit.
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@agbmoe well they like to charge ppl high prices, and as long as you aren't having accident or not in trouble its okay, but as soon as you miss a stop sign or in a little bender fender, you insurance will bill will double or tripple, even though you have been paying for them 10yrs without accident.
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@Gutsyndicate Do you even know the first thing about insurance or how it works? I highly doubt it... the vast majority of the money that insurance companies takes in gets paid out in claims
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It's not a savings account you moron. Get an education and then comment.
Insurance are frauds themselves. they take ppls money and they don't like to pay them back
Gutsyndicate 7 months ago 3