My friend in America saw the video I posted on my status of a woman whose car was hit by a man and the commotion that ensued thereafter.
He called me that in America Nigerians are cashing out from those types of minor accidents and that it is just a matter of both parties exchanging their insurance policies.
He said just a minor dent on the car, Nigerians can cashout five thousand dollars and that Nigerians are even praying that someone should hit their car so that they cashout.
He said they learnt it from Americans too who also cashout alot from insurance companies.
He told me you can even be given one hundred thousand dollars if you are able to prove that you sustained injuries in the accident.
So when are we going to start having comprehensive vehicle insurance in Nigeria that works?

If you cash out then your insurance premiums in subsequent months becomes more expensive.

KnowAll:
If you cash out then your insurance premiums in subsequent months becomes more expensive.

Ah for real.

Lol

Insurance scam ,that your friend no tell you say if america government catch you na 10 years imprisonment.

KnowAll:
If you cash out then your insurance premiums in subsequent months becomes more expensive.

Exactly. And premium reduces in subsequent months or years if you don't have any claim.

Fraud will not take you anywhere

joceey:
Insurance scam ,that your friend no tell you say if america government catch you na 10 years imprisonment.

Nigerians sharp na.how them wan take catch them lol.

Sevenworldpower:


Exactly. And premium reduces in subsequent months or years if you don't have any claim.

What if they take the 100k dollars and relocate back to Nigeria for some time.

guobe:

What if they take the 100k dollars and relocate back to Nigeria for some time.

Most things are bought on credit. As long as you relocate legally , i don't think there is problem. There are loopholes in every system no matter how good is. Relocation is not cheap.

guobe:
My friend in America saw the video I posted on my status of a woman whose car was hit by a man and the commotion that ensued thereafter.
He called me that in America Nigerians are cashing out from those types of minor accidents and that it is just a matter of both parties exchanging their insurance policies.
He said just a minor dent on the car, Nigerians can cashout five thousand dollars and that Nigerians are even praying that someone should hit their car so that they cashout.
He said they learnt it from Americans too who also cashout alot from insurance companies.
He told me you can even be given one hundred thousand dollars if you are able to prove that you sustained injuries in the accident.
So when are we going to start having comprehensive vehicle insurance in Nigeria that works?

So that people like you can start defrauding Nigeria's Insurance Companies. Cash out kee you there

Sevenworldpower:


Most things are bought on credit. As long as you relocate legally , i don't think there is problem. There are loopholes in every system no matter how good is. Relocation is not cheap.

So true.

Prison time loading ... insurance fraud is not taken lightly in the US.

When the insurance companies come after you, blame yourself

Dialpad:
Prison time loading ... insurance fraud is not taken lightly in the US.

When the insurance companies come after you, blame yourself

The insurance company do verify but you know how smart Nigerians could be as there is no evidence to nail them.

KnowAll:
If you cash out then your insurance premiums in subsequent months becomes more expensive.

You can terminate the contract and enter into another insurance policy.

I have been thinking of late

Rich men