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Another success in GAP Fraud

GAP Fraud

Another success in GAP Fraud

At RGI Solutions, we are thrilled to announce our latest success in tackling GAP insurance fraud. After a recent investigation, our team was able to identify and put a stop to several fraudulent practices within the GAP insurance industry.

 

GAP insurance, also known as guaranteed asset protection insurance, is a type of insurance that covers the difference between the value of a car and the amount still owed on the loan or lease. Unfortunately, this industry has seen an increase in fraudulent practices, leading to millions of pounds in losses for consumers.

At RGI Solutions, we take fraud very seriously. Our team works tirelessly to investigate any suspicious activity within the insurance industry, including GAP insurance. In our most recent investigation, we discovered several fraudulent practices that were leading to excessive claims and ultimately, inflated insurance rates for consumers.

Through our investigation, we were able to identify a group of individuals who were exploiting a loophole in the GAP insurance policy. These individuals were intentionally causing damage to their cars and then filing claims with their insurance company for the full amount owed on their car loan, rather than just the actual value of the car. This practice led to significant financial losses for the insurance company which results in inflated rates for honest consumers.

Our team at RGI Solutions worked with the insurance company to develop new policies and procedures that would close this loophole and prevent further fraudulent activity. Thanks to our efforts, the insurance company was able to recover large sums of money and prevent further losses from occurring.

We are proud to have played a role in putting a stop to this fraudulent activity within the GAP insurance industry. At RGI Solutions, we remain committed to investigating and preventing fraudulent practices within the insurance industry, ensuring a fair and honest experience for all consumers.

Want to know more on how we can assist in your GAP claims, contact us here.

Jamie LankeyJamie Lankey