Distinguish False Vehicle Schemes,false Theft Schemes,and Inflated Theft Loss Schemes

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The Answer is In the false vehicle scheme,the criminal purchases an insurance policy on a vehicle that does not exist then later reports the vehicle stolen and files an insurance claim.In the false theft scheme,the vehicle is actually owned by the person who obtains the insurance but the owner,for any number of different reasons or motives,fraudulently reports the vehicle stolen and files an insurance claim.The inflated theft loss involves fraudulently reporting contents in or improvements on a vehicle that was stolen when the contents or improvements either did not exist or the value was inflated for the purpose of obtaining a larger claim settlement from an insurance company.

Distinguish False Vehicle Schemes,false Theft Schemes,and Inflated Theft Loss Schemes

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Distinguish False Vehicle Schemes,false Theft Schemes,and Inflated Theft Loss Schemes

Essay

Correct Answer:VerifiedShow Answer

Correct Answer:
Verified