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Homeowners are increasingly willing to make false home insurance claims

April 24th, 2010

Research by Moneysupermarket.com found that more Brits than ever are willing to consider making a false claim on their home insurance.

Research from the popular comparison website found that 6% (2.4 million) of Brits would consider making a false home insurance claim and 402,000 have already successfully faked a claim.

This figure has increased from 5% in August 2009, meaning 500,000 more people thought about making a false claim in that short period.

Although the main reason for this increase in false claims is thought to be a result of the recession, 1 million of the 2.4 million who would consider a false claim admitted that the recession had had little effect on them.

Graeme Trudgill, technical and corporate affairs executive at the British Insurance Brokers Association said, “Insurance fraud is on the radar of the insurance industry – especially in a recession where people perhaps might be in more need of money. What people need to be aware of is that insurance fraud will completely invalidate any claim if you are found to be acting fraudulently and you will find it very difficult to get insurance again. There are ever such a lot of dangers. It is a criminal offence so you could be prosecuted”.

Fraudulent claims not only affect the insurance companies but also the consumers as the increasing cost of claims means that insurance premiums are being increased for everyone else and the claimants as well!

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