Free Motorcycle Insurance Quotes Blog

A flying toilet roll holder, an invented wedding engagement, a fake photograph and an invisible wall featured among the record number of fraudulent claims detected by insurers in 2010, according to the Association of British Insurers (ABI).

Around 133,000 fraudulent claims were uncovered last year (2,500 a week) with the figure up 9% on 2009. Fraudulent claims also up 9% in value, at £919 million.

The most common frauds involved home insurance, with 66,000 bogus or exaggerated claims detected, followed by motor insurance frauds with 40,000 uncovered.

Motor frauds were the most costly, totalling £466 million. <

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Motor vehicle insurance fraud is a huge problem being faced by almost every insurer in every state. At most times, this is not because of some lapses committed by company employees – as time passes, swindlers have become more and more skilled and creative in making their moves against an unknowing target.

However, most of the time, these cheats are found out by insurance investigators and reporters. However, finding them out is one thing. Dealing with the case is another.

Now, what can a provider do with a case like this?

Reject the demand. Of course, they can expect an appeal or a request to reconsider. B

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