Quarter of Brits ‘hide insurance info’
September 12, 2007 by admin
Filed under News, News-Insurance
More than one fifth of British motorists admit they have intentionally kept quiet about motoring convictions and license points to their car insurance provider, to avoid premium hikes following policy renewals.
Confused.com has found that although 96 per cent of motorists are aware that lying to the insurance company could result in invalidated claims, 21 per cent of drivers would be happy to take the risk and hope that they don’t get caught.
Debra Williams, managing director of the comparison site, warned drivers: “Insurers take a dim view of people who don’t update them immediately should their circumstances change.
“Changes in job title or annual mileage may seem insignificant to most drives, but this can significantly affect your premiums. If you are caught lying about your details, your insurer can reduce your pay out and may even refuse to pay at all.”
A report commissioned by the Association of British Insurers earlier this year revealed that fraudulent claims on car insurance, something one in ten (five million) drivers admitted to, push up average premiums by £40 a year.
Rental Car Insurance
More and more these days we are leaving the car at home and are picking up a rental when we arrive at our holiday destination. If this is exactly what you are planning on doing, and you have never rented a car before, then the following are a couple of hints you should keep in mind when arranging your rental car insurance: Read more
Tags: death, package, car insurance provider, personal accident insurance events, liability insurance, Financial services, rental car insurance, rented car insuranceTypes of UK Car Insurance
If you think that the UK car insurance policy is stringent enough, then keep in mind that it is so to secure your own interest. The UK car insurance policy is generally targeted for the protection of any innocent victims of accidents. It is obligatory by law to carry the UK car insurance certificate for a user of the road. Read more
Tags: car insurance types, car insurance certificate, someone, Types of insurance, commencement, lot, Business and Economy, car insurance provider