Vehicle Arson and the Cost of Insurance Fraud

The recent economic downturn has led to a rash of car and SUV arsons. Some vehicle owners who can’t keep up with their automotive payments are torching their cars in order to fraudulently collect the insurance money and have their debt removed.Vehicle arson isn’t a new trend, but when the economy dips, the number of arsons rises. When the economy is positive, the number levels off and bottoms out. As car owners become desperate to make the next payment, they may turn to this crime. Unfortunately, some people are willing to burn their car and risk being arrested and a criminal conviction for a quick payout.It may seem strange for a person to destroy their car just to collect the insurance money instead of trying to sell it to reduce the amount of debt they’re in. However, in many of these situations, the owners owe more than what the actual worth of the vehicle and would have to cover the difference if it was sold.In the past few years, there has been large increase in the amount of vehicle arsons across the country. While legitimate vehicle theft and destruction does happen, a vehicle torched for insurance fraud purposes is usually burned beyond recognition. A thief usually will take or destroy any evidence that can be traced back to him. An arsonist will make sure the car is totaled as to receive the full amount of insurance money. Most often, arson investigators will find traces of accelerants like gasoline were used to set the car on fire and keep it burning.Many states have specific task forces charged with dealing with the high number of vehicle insurance fraud cases. Some have found that the problem is much deeper than one individual looking to erase a debt. For example, there are networks of criminals who will work with the vehicle owner to coordinate a time to steal and torch a car for a cut of the insurance payment. Fraud-for-hire cases like this are on the rise throughout America.If you’re in a situation where you can’t afford the monthly bills for a vehicle and you’re upside down on the payments, talk to your bank or credit union to try to secure a small personal loan. Then you can try to sell the vehicle legitimately and legally.Committing vehicle arson and insurance fraud is dangerous. When caught, an offender can be sent to prison and pay hefty fines, leaving them in much higher debt than they were in originally. Arson and insurance fraud cases are investigated thoroughly by insurance claims representatives and police investigators. A quick payout is not worth the years of pain and embarrassment a criminal conviction will cost you.

Motor Trade Insurance – Is The Price Right?

If you’re a Motor Trader you’ll know more than anyone just how price sensitive the automotive industry can be. And as Motor Trade Insurance is likely to be one of your companies biggest outgoings paying the right price for your Motor Trader Insurance is going to be vital.Whilst the UK has benefited from a pretty stable financial environment in recent years with rising house prices, low interest rates and many companies making money there now maybe signs of a change. During 2006 interest rates rose steadily and with 1 rate rise in 2007 already (and with more forecast as the year progresses) there is every chance that there will be less disposable income in the UK economy.So what will this mean for consumers and Motor Traders?Well for consumers it could mean they have less money to spend on new cars, second cars or indeed on the servicing and repair of existing vehicles. There is also every chance that as value for money becomes more of an issue they will shop around to secure the best price and service.And when Motor Traders Insurance policies come due for renewal there is every chance they too will start looking around to secure the best deal on their Motor Trade Insurance. And if indeed money is an issue it is very easy for companies in the motor industry to opt for the cheapest is best option. After all, isn’t one type of Business Insurance pretty much the same as all the others?Well for Motor Traders in the UK I would urge you to proceed with caution as whilst low cost motor trade insurance is available from many different insurance providers you don’t want to leave yourself in a position without the right level of cover or the right insurance excess (or deductable).For many motor traders the best option to take when buying motor trade insurance for the first time or when their current motor trader insurance comes due for renewal would be to consult the services of an insurance broker. An insurance broker who specializes in motor trade insurance can search the market to find you the right cover at the right price so you not only save time – but you also save money.In the event of you needing to make a claim they can also help you get the claim settled quicker and more favourably. A good insurance broker should give you advice and make sure you only pay for the insurance cover you need and want.

The Bare Essentials of Automotive Marketing

When the horseless coach was introduced in 1885 by Karl Benz, there came the dawn of change in transport systems around the world and the start of the automotive industry. In succeeding, people accepted this ground-breaking concept and made the industry a growing one. It was because they found automobiles efficient for daily use and for long distance trips. Slowly, one company emerged after another because they saw opportunities to profit with more and more people buying cars. It was no longer a luxury but rather a necessity. Competition came so there arose a need for automotive marketing promotions for one company to compete against the others.Competition sometimes can be tricky and this is why automotive marketing promotion strategies were developed and introduced. Today, it is noted that that there has been a great decrease in selling cars. This is why manufacturers do promotions in order to increase sales. Newspapers are a traditional way of promoting business. Nevertheless, car dealers continue to do marketing promotions through other ways such as in social networking sites. They find ways to get people’s attention with what they are offering and what services are available. Experimentation is also being done to come up with more original ideas.When concentrating on individualized promotions, they sometimes send direct emails. What they do is personalize their notes instead of send generic ones. The content basically offers customers what they can afford. Another way to market an automotive business is by giving incentives to employees and customers. At this point, they start social networking and try to create a good reputation to the company through word of mouth.Branding products is also an automobile marketing promotion strategy. Branding means making the company stand out from both direct and indirect competition. In the store, they can have a mascot that creates an impression that they welcome anyone who needs their products. Trade-in is also an effective technique aimed at bringing back old customers. Since car models become obsolete, then people would always consider buying a new one. Customers are attracted to trade-in schemes because they will be able to save money while owning a new car.It is important for all automotive marketers to realize that they have to stay open to new strategies that they may use to increase their sales. After all, cars are no cheap items to sell. This means they have to be able to build rapport and trust with people who could be customers. Social networking is a very popular way of doing this and every automotive seller should be willing to explore this as a sales-boosting technique.