Here Are Some Words Of Advice Regarding Ways To Shield Yourself From Insurance Fraud
Insurance scams are becoming more and more popular, and as a result, you should make sure you have proper insurance with a legitimate company, which should reduce your risk of becoming an insurance scam victim. Scams include the known ‘brake slam scam’ which involves the car in front slamming on their brakes unexpectedly, and you being forced to drive into the back of them. This person will then claim on your insurance, and you will lose your no claims discount and possibly suffer serious injury.
In general insurance fraudsters’ claims cause higher costs for insurers and so higher prices for the consumer. We all want the availability of cheap, good insurance, and so we, the purchasers of insurance are the victims to this crime. The association of British insurers work to expose these insurance fraudsters and find some shocking things. Many dishonest liability claims involve bogus personal injuries. One man claimed he had fractured his hand after falling over a pothole in the street, when in fact he had sustained the injury after he punched a wall during a domestic dispute. In another incident a young woman claimed to have tripped over a loose pavement, when in fact her injuries were actually sustained from jumping down a flight of stairs while running away from security guards on suspicion of shoplifting. A different case involved head injuries allegedly sustained by falling over, which were in fact sustained after being hit on the head by a baseball bat during a fight.
“Reducing fraud remains an ongoing battle for the insurance industry. Our honest customers rightly object to having to pay higher premiums to subsidise the fraudulent minority, which is why insurers continue to up their game in the war on the cheats. Whether claiming against a third party for bogus personal injury or on their own insurance, fraudsters are more likely than ever to get caught, leading to more expensive and harder to obtain insurance and credit, and the possibility of a criminal record,” suggested Nick Starling, the ABI’s Director of General Insurance and Health.
Claims such as one by a man saying his boat had sunk, but was actually lying and had put his boat up for sale can now be caught by people giving evidence over a free phone service set up by the ABI called Cheatline, and encourages the public to inform them of evidence to suggest people are cheating the insurance companies.
Some insurance brokers can offer a credit check service. With permission, they can check databases such as The Vehicle Licensing Agency (DVLA), The Motor Insurance Database (MID) and credit agencies such as Experian so that they can secure good drivers much lower premiums. Using this sophisticated rating system which uses credit scoring information from third party companies some clients have found that they are eligible to pay 35% less on their premium.
Reporting fraudsters helps to protect you from their actions and can reduce their impact. Talking to a good insurance broker could mean you don’t become the victim of one of these insurance fraudsters who are having huge influence on the price of car insurance.
Fleet Insurance caravan insurance If you are in an area susceptible to floods, an insurer may insure the property, but not for damage due to floods. The Finance Ombudsman have stated before that complaints about travel insurance account for around 1 in 8 of their cases. If you are in an area susceptible to floods, an insurer may insure the property, but not for damage due to floods.
Tags: finance, fraud, home improvement, Insurance, insurance fraud, legal