Some customers only purchase ‘Comprehensive and Collision’ Insurance when they have damage that they want repaired. This ‘pre-existing damage’ fraud is a major source of excess risk for auto carriers. It is most common among older vehicles.
VeracityID defeats this cheat by identifying customers who have older vehicles and/or had previously been on a ‘liability only’ policy and sending them the idMobile applet. idMobile takes the customer through a secure, ai enhanced image capture process that ensures that all pre-existing damage is documented and available to claim adjusters. All without requiring expensive, time consuming core system changes.
