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...rovider. As a young man selling automobiles in an Oldsmobile dealership, I sti...

...customers say they bought a new automobile, he congratulates them, wishes them...

...went to a Beverly Hills classic automobile dealer and took two Polaroid photog...

...new mode of transportation: the automobile. Because people go past signs relat...

... its vehicle identification number. This regulation is an effective weapon against fraudulent auto-theft claims. But in one case, an insured managed to purchase Physical Damage insurance on a Rolls-Royce before the regulation was fully effective. His planning was flawless. He was thwarted in his efforts only because of the actions of a dedicated, thorough investigator. To start his plan, the insured went to a Beverly Hills classic automobile dealer and took two Polaroid photographs (slightly out of focus) of a 1946 Rolls Royce. Unlike modern cars, the Rolls did not have its vehicle-identification number beneath its windshield. It was written on the specification sheet provided to him by the dealer. The insured began to create an artificial 1946 Rolls-Royce. First, he visited the Department of Motor Vehicles and obtained forms from the department for ... that 1946 Rolls-Royces in fair condition were selling for approximately $100,000. He also learned that the Classic Car Insurance Co. was willing to insure seldom-used classic cars by mail. He photocopied the application for insurance at the library photocopy machine and applied for a $100,000 policy on his phantom Rolls-Royce, and attached to the application one of the Polaroid photographs he had taken at the dealership. Classic Car Insurance Co., taking his application on face value, issued the policy. Since the car was to be driven only 1,000 or fewer miles per year, the premium on the policy, including third-party Liability coverage, was less than $1 ,000. The insured financed the premium with a local insurance financing company and had to make a down payment of only ...