Insurance fraud is rife and this affects all of those who insure our homes, cars and property.
We all want to obtain the best insurance cover we can at the most attractive price.
The insurance fraud scams that are successful are detrimental to all of us that purchase insurance cover.
Often such a scam can lead to you being the victim and claiming on your insurance, if a driver brakes sharply at a corner causing you to run into them then they will looking to your insurance cover to pay for the damage.
Often these claims can be exaggerated to include injury to the driver.
Such a claim can have a significant effect on the no claims section of your policy.
Fraudulent claims such as these will cause higher costs for the insurers and obviously has a knock on effect on the cost of your own policy.
The responsible purchasers of insurance cover are the people who suffer through these insurance frauds.
The Association of British Insurers (ABI) have a team of staff that's sole job is to investigate all types of fraud.
During the course of these investigations they have uncovered many dishonest claims that they have brought to light.
A claim for a fractured hand injured by falling into a pot hole in the street was discovered to have been the result of punching a wall during a domestic dispute.
A woman claimed that her injuries were the result of her tripping over a pavement but were in fact caused by her jumping down some stairs whilst running away from a security guard when she was on suspicion of shoplifting.
Yet a further case was a man claimed his head injuries were caused by him falling over when they were the result of a fight involving a baseball bat.
A recent statement by the ABI's Director of General Insurance and Health included the fact that the need to reduce fraud was paramount to protect innocent responsible customers from having to pay increased premiums.
There organisation is dedicated to tackling the issues that happen and why they continue to work against cheats who claims are bogus.
They will actively pursue the bogus claimants which in turn will make it more difficult for them to obtain any insurance cover or credit, there could even be the possibility of a criminal record.
The ABI has set up a free phone service called "Cheatline".
This allows informants to call them and report any crimes that they believe have been committed.
In one recent case a man had filed a claim for his boat that allegedly had sunk out at sea.
In fact his boat was up for sale on an online site and safely stored, totally undamaged near his home.
This information was provided by an informant.
Credit checking services are now offered by brokers, they can check with the DVLA, Credit Agencies and The Motor Insurance Database (MID).
This is one method used by insurance companies to secure lower premiums for their clients.
By using this sophisticated system they are able to obtain credit scoring information then being able to offer substantially reduced premium charges.
Although it is hard to protect yourself by reporting any fraudulent acts does have an impact on the industry.
Use a good reputable insurance broker who will work in your interests when obtaining insurance cover for both your car and property.
We all want to obtain the best insurance cover we can at the most attractive price.
The insurance fraud scams that are successful are detrimental to all of us that purchase insurance cover.
Often such a scam can lead to you being the victim and claiming on your insurance, if a driver brakes sharply at a corner causing you to run into them then they will looking to your insurance cover to pay for the damage.
Often these claims can be exaggerated to include injury to the driver.
Such a claim can have a significant effect on the no claims section of your policy.
Fraudulent claims such as these will cause higher costs for the insurers and obviously has a knock on effect on the cost of your own policy.
The responsible purchasers of insurance cover are the people who suffer through these insurance frauds.
The Association of British Insurers (ABI) have a team of staff that's sole job is to investigate all types of fraud.
During the course of these investigations they have uncovered many dishonest claims that they have brought to light.
A claim for a fractured hand injured by falling into a pot hole in the street was discovered to have been the result of punching a wall during a domestic dispute.
A woman claimed that her injuries were the result of her tripping over a pavement but were in fact caused by her jumping down some stairs whilst running away from a security guard when she was on suspicion of shoplifting.
Yet a further case was a man claimed his head injuries were caused by him falling over when they were the result of a fight involving a baseball bat.
A recent statement by the ABI's Director of General Insurance and Health included the fact that the need to reduce fraud was paramount to protect innocent responsible customers from having to pay increased premiums.
There organisation is dedicated to tackling the issues that happen and why they continue to work against cheats who claims are bogus.
They will actively pursue the bogus claimants which in turn will make it more difficult for them to obtain any insurance cover or credit, there could even be the possibility of a criminal record.
The ABI has set up a free phone service called "Cheatline".
This allows informants to call them and report any crimes that they believe have been committed.
In one recent case a man had filed a claim for his boat that allegedly had sunk out at sea.
In fact his boat was up for sale on an online site and safely stored, totally undamaged near his home.
This information was provided by an informant.
Credit checking services are now offered by brokers, they can check with the DVLA, Credit Agencies and The Motor Insurance Database (MID).
This is one method used by insurance companies to secure lower premiums for their clients.
By using this sophisticated system they are able to obtain credit scoring information then being able to offer substantially reduced premium charges.
Although it is hard to protect yourself by reporting any fraudulent acts does have an impact on the industry.
Use a good reputable insurance broker who will work in your interests when obtaining insurance cover for both your car and property.
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