How to beat an insurance scam?
published: Sunday | July 18, 2004
THE EDITOR, Sir:MANY PEOPLE today cannot afford vehicle insurance so they have devised a way to get around the system.
You purchase a vehicle, take out insurance for the minimum time so you can transfer title etc. then a month or two later this insurance is cancelled by you and part of your money is refuned.
If you get a sticker showing you are insured for six months or a year, it is already on your vehicle whether or not it is valid. How are you going to get around that?
The only way would be a no-cancellation-by-the-holder policy on vehicle insurance, but that has complications too.
I would be very interested to hear of suggestions to control the above.
I am, etc,
JOHN E. PRADMORE
Constant Spring P.O.
Kingston 8