ABSTRACT
In today’s world having a car to commute is a big necessity, more than that it’s a considered status symbol due to which there are many third party financers and tricky loans that are available in the market, under which having expensive cars is one of the things that everyone wants and can get. When it comes to their insurance being mandatory everyone gets it but sooner or later there comes a time when people realize that having that car is expensive for them to keep and maintain so then comes the moment when the term called “Ride-off” gets to action, where people involve themselves into car accidents that are planned in order to incur a big loss that can get them an insurance claim that is big enough to settle their liability and needs of time but the fact of injury and the thing that is stealing from the company cannot be ignored.
Outcomes from this research paper will show that how owning an expensive car is a bogus need of the time along with stats of increased “ride-off” cases and how it can be controlled.