Quote:
Originally Posted by 79LilRedExpress
I wonder how his insurance company feels about this whole mess... As I see it THEY are the ones who will have to pay out.
With the exception of a few deductibles, the dealer is most likely going to be made whole by the insurance company.
Maybe that is why he made the comments about it hasn't really affected his business.  |
I meant to respond to this post when you first made it but I got bogged down with other matters.
You raise an excellent point that I don't think I've seen mentioned anywhere else -
Will the dealer be able to recoup his losses because of the fraud protection his insurance company provides?
Do the insurance companies place limitations on their exposure if the fraud is the result of employee embezzlement? Would an insurance company contend that their exposure is limited to a certain time frame - no more than two years prior to the date the claim is filed as an example?