Wednesday, May 6, 2009

With Economy Down, Vehicle Give-Ups on Rise

The Ohio Department of Insurance has warned that "vehicle give-ups" are on the rise, but local police departments aren't seeing the trend.

Vehicles are "given up" when owners go to extreme measures so they can destroy or dispose them. People do this because they cannot afford the vehicle, ran up too many miles on a lease or want to collect the insurance, Joel Demory said.

Demory is the auto fraud investigator for the ODI. He's heard of people trying to report their car stolen with scorched eyebrows. The car was found, burnt. Another person had a car with high-end rims and a stereo system. However, when the car was discovered, its factory rims had been replaced, Demory said.

Read more here.


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