Sharing Information in a Wreck and Your Personal Finance
After a vehicle accident, especially when standing in the road observing the result, it is very easy to become confused and automatically to answer any question that is thrown at you. It is also ingrained in most of us, when in a wreck, to get the details of any other party involved, especially is they are the cause of your predicament. However, in the complicated world of today obtaining too much information could be considered detrimental to the various parties and could relate to certain aspects of personal finance.
We are continuously reminded not to give strangers our personal details, as this information could be used for a variety of nefarious purposes, some of which could affect our personal finance. When in a wreck, it is natural to ask for as much information as possible, even if it means entering the realms of third degree interrogation. Name, driver’s license number, address, home address, work address, telephone numbers and anything else we can think of, that will ensure retribution for crunching our pride and joy.
However, gaining or, providing this volume of information when in a wreck, could prove valuable to certain criminal elements and pose a potentially financially dangerous situation related to identity theft. This is according to the National Association Insurance Commissioners who state that when in a wreck, only your name and phone number of your insurers need to be provided. They stress that any other information should not be given, even your phone number.
Advantage could be taken of you and your personal finance because a driving license number with you Social security number and date of birth are the usual methods of verifying your identity. When in a wreck, probably your first consideration is not that someone could steal your identity! However, a supposition that could be worth keeping in mind relates to the accident being designed to steal your personal details!
Various reports show that staged accidents are now a usual method of defrauding insurance companies and their insured. Therefore, only provide information that is relevant to an accident report, or you could find when in a wreck it affects your personal finance more than just by the inconvenience.
Although the general perception is that the police need only be called should there be personal injury; it is recommended that when in a wreck with vehicle damage only, they should be advised directly.