Sunday 2 January 2011

Home insurance is now the number 1 target for insurance fraudsters


Home insurance is now the number one target for insurance fraudsters according to the hundreds of fraudulent insurance claims exposed every day says the ABI.

The ABI’s latest industry data on fraudulent insurance claims shows that:

• Every day insurers detect 335 fraudulent insurance claims worth £2.3 million.
• Dishonest home insurance claims are the most common: 170 cheating householders are caught out each day. Typically these involve alleged accidental damage to carpets and furniture due to spilled drink, which were in fact caused deliberately.
• Fraudulent motor claims are the most costly: 108 bogus motor insurance claims worth £1.12 million are exposed each day.

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