Quantcast
Icon

The Daily Record's business blog

Arson isn’t the answer

By:

Not that you would do this, dear readers, but the Maryland Insurance Administration wants you to know that setting your car on fire for the insurance money isn’t the answer to getting out of auto debt.

We are apparently in the tail end of “National Arson Week,” and MIA Commissioner Ralph S. Tyler says burning up your car for the insurance reimbursement is “both dangerous and illegal.”

I guess that’s why some people hire someone else to do the job. According to the Wall Street Journal, the going rate for having someone else drop a lit match on your car is $500.

Read the rest of this entry »

Category: Business, Cars, Crime, insurance

Email Alerts

Sign up for free email alerts from The Daily Record

Enter your e-mail address:
Morning News Update
TDR Auction Notices
Real Estate Weekly
In-House Counsel Monthly