The accident was reported by a friend, stating that the insured vehicle was driven by the insured’s brother when he rear-ended another farm tractor and trailer. The insured was in the vehicle and complained of a dislocated/fractured hip. Two more passengers were in the vehicle, one of whom was also injured.
Our investigation revealed several discrepancies and areas of potential material policy representation:
- The insured had provided a different policy address than where she actually lived
- The insured vehicle’s passengers gave one address, but were found to actually live at the insured’s residence; they were not listed on the policy
- The brother driving the vehicle claimed to own no vehicles, but three were actually registered to him; he was also an unlisted co-owner of the insured’s vehicle
- The policy address had several unlisted vehicles
- The loss occurred within 30 days of policy inception
Upon an underwriting review, the policy was rescinded. Potential savings in excess of $51,000.