495 People A Day Lie In Order To Obtain Cheaper Car Insurance
PR Web |
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According to data from the
Common tricks included concealing information about driving convictions, exaggerating the amount of No Claims Bonus' you have or parents claiming to be the main driver of a vehicle which is largely used by their child. We've all seen the questions about where your car is stored during the day or what you predominately use your car for and it seems more people than you'd think are misleading companies by providing the wrong information.
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Not only could an insurer not pay out if you have an accident but you could get your insurance policy cancelled outright due to fraud which means the cost of a future policy will be higher. It also means you could risk incurring a IN10 conviction (driving without insurance) if you continue to drive. Confused.com's
The ABI has estimated that these sorts of frauds add around £50 to every honest person's insurance bill.
By doing this insurers can use the driving license number to contact the DVLA and find out information including how long you've had a license for, what type of license it is, whether you have any driving convictions and where you live. However this means if you've lost or misplaced your license you may have to wait to get a replacement before you can apply for your insurance.
The initiative was due to launch this summer but delays have occurred and although an exact date hasn't been decided, it's likely to be before the year is out.
If you've been involved in an accident on the road then you could claim compensation for your losses. Make sure you chose the right solicitor when making this decision.
This press release has been made in accordance to the information published in the article 'Fraudulent insurance claims running at 500 a day' published on The Guardian on 17th September. You can view the original press release through
Read the full story at http://www.prweb.com/releases/2014/09/prweb12191991.htm
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