Insurance fraud is estimated to cost insurers over $2 billion annually. You can help eliminate automobile insurance scams – and help lower car insurance premiums – by being an informed consumer.
How You Can Protect Yourself
The Financial Services Commission of Ontario (FSCO) has released a brochure entitled: “Tips for Identifying Car Insurance Scams”. It describes how some scams work, offers tips on dealing with tow truck drivers, paralegals, and healthcare providers, and lets you know what to do if you suspect fraudulent activity.
This brochure is available by visiting FSCO’s website at www.fsco.gov.on.ca, or by calling FSCO’s 24-hour information line toll-free at 1-800-668-0128 (in Toronto call 416-250-7250).
Only you can prevent fraud. Know your rights and take action to make sure only legitimate payments are paid under your policy. It’s up to you.
Did You Know?…
Referral fees are illegal!
It is illegal for tow truck drivers to be paid a fee to refer accident victims to a particular paralegal or a repair shop. It is also illegal for paralegals to refer accident victims to a particular healthcare provider for a fee. If you suspect this is happening, report it to us, or contact the police.