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- Insurance scams are deceptive practices that can cost victims significant financial losses and emotional distress. These fraudulent schemes target unsuspecting individuals and businesses, exploiting their trust in the insurance system.
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Oct 25, 2024 · Insurance fraud is not a victimless crime. It increases the cost of premiums for honest customers, while fraudsters who sell fake car insurance or deliberately cause road traffic...
We surveyed 111 Which? members who'd experienced insurance fraud in the last five years, and found identity theft, induced accidents and false claims were most common. Read on to find out more about the key types of insurance fraud, and the steps you can take to protect yourself.
30th Apr 2021. Car insurance fraud comes in a variety of shapes and sizes, from deliberately hiding penalty points to ‘crash for cash’ and ‘flash for crash’ scams. Here we run through some of the most common types and what you should do if you’re unlucky enough to be struck by a scammer.
Mar 20, 2023 · Home. Consumers. Insurance and warranty scams. Find out how insurance and warranty schemes work, how to tell if it's a scam, and what to do if you are scammed. First published: 20/04/2016Last updated: 20/03/2023 See all updates. If you buy a mobile phone, a TV, or a home appliance, you may think about getting it insured.
Sep 5, 2024 · A top expert from the Insurance Fraud Bureau gives us the lowdown on common car insurance scams and ways to protect yourself from them. Reckless car insurance scammers on mopeds have...
Feb 7, 2018 · Insurance fraud costs companies millions of pounds each year - and some scams are catching out innocent members of the public. This week, the City of London Police warned of the dangers of 'ghost broking' - buying fake car insurance from fraudsters as a means of securing ultra-cheap cover.
4 days ago · These fraudsters lurk in the shadows of social media and trick thousands of consumers a year into thinking they are signing legitimate insurance deals. ‘Ghost brokers’ act as insurance intermediaries – particularly for car and house insurance – offering policies that either do not exist or are invalid, leaving their victims without proper coverage and potentially facing serious ...