Travel Insurance Fraud – 10 things you should know

Contemplating committing fraud is a serious matter, purpose Many people simply do not realize that when they exaggerate an insurance claim They are actually committing fraud. While exaggerate or falsify a claim May SCCM as innocent “white binding,” in fact it is a crime.

Although it is tempting to decorate losses may occur, this can lead to serious consequences. There are many companies now offering cheap travel insurance with good quality, so try to try to make back that gold justify the money lost on unused insurance for a number of holidays Non-have for an outcome.

Here. Ten facts everyone should be aware of when applying for insurance

1) The problem of insurance fraud is huge in the UK – 750,000 Brits make false claims on their travel insurance Either by falsifying Losses Exaggerating or how many they have lost.

2) Insurance fraud is so common that show records of British Insurers that lose more Louis Vuitton luggage abroad than ever actually sold in the UK! HOWEVER, as a result of this kind of discovery, many insurers are now tightening their fraud detection methods

3) Many travelers exaggerate or distort their claims -. Many have gotten five per percent of claimants to add additional items to their reported losses on a way to a higher insurance payout and 11 per hundred confess Increasing the value of their claim.

4) Involve Many fraudulent claims falsified or forged certificates, qui normally required by Insurers have evidence of the value of medical expenses or lost or stolen property.

5) The problem of fraud affects all travel insurance travel insurance policyholders because the extra costs for Casualties in paying claims were false turn the premiums are cheap Anders policy to cover this cost.

6) for those who are caught making a false claim, the severe punishment can be. Not only will they lose the money they have claimed for, they could face financial penalties aussi further Top Their actions.

7) Eighteen to 29-year-olds are by far the worst offenders, with 33 per cent admit to Claiming When lying on their travel insurance, compared to only seven per cent of over 50s.

8) per Eighteen percent of those who commit insurance fraud to justify their behavior by saying that she owed the money because they allegedly have-nots earlier.

9) Ten per cent of those who commit insurance fraud takes the attitude that it’s good, because everyone does it.

10) majorité claims are real.

While Claiming extras on your insurance may be tempting, it is always better to invest in good quality, cheap travel insurance, qui will not leave a nasty aftertaste or potential desire to lose back with a false claim.

Source by Patrick Chong

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