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Minimising fraud would reduce premiums

Watching out for fraud - reducing your premiums

The Association British Insurers are working hard to tackle the ever present problem of insurance fraud. It remains a significant issue.

Apparently almost half the amount of money lost to fraud in the insurance sector is that of home insurance and buildings insurance fraud.

The claims that cause the problem may only be a small sum here and there but the overall impact of tens of thousands of claims can be immense.

Without fraud premiums could fall by 5% or more.

Online customers can already receive significant discounts. Tesco Home Contents Insurance and Budget Home Contents Insurance both offer online discounts.


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