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Travel Insurance Fraud 10 Things You Should Know



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span                            travel insurance.

             
class="cap">Contemp     

1) The problem of travel       
lating committing fraud is      insurance fraud is huge in the UK 
serious matter, but many people      - 750,000 Britons make false      
simply don’t realise that when        claims on their travel insurance  
they exaggerate a travel              by either falsifying losses or    
insurance claim they are actually     exaggerating how much they have   
committing fraud. While               lost.

                         
falsifying or exaggerating a          

2) Travel insurance fraud is   
travel insurance claim may seem       so common that records from       
like a harmless 'white lie',          insurers show that Britons lose   
travel insurance fraud is a           more Louis Vuitton luggage abroad 
crime.                                than is ever actually sold in the 
While it may be tempting to           UK! However, as a result of this  
embellish losses, this could lead     kind of discovery, many insurers  
to serious repercussions. There       are now tightening up their fraud 
are now many companies offering       detection methods.

            
cheap travel insurance with good      

3) Many travellers exaggerate  
quality cover, so that trying to      or falsify their travel insurance 
make back or justify the money        claims - as many as five per cent 
lost on unused insurance over a       of travel insurance claimants add 
number of holidays doesn’t have       extra items to their reported     
to be an issue.

                   losses as a way of getting a      

Many British people are            higher insurance payout and 11    
committing travel insurance fraud     per cent confess to increasing    
without realizing it, and could       the value of their travel         
face serious consequences if they     insurance claim.

              
are found out. Here are ten facts     

4) Many travel insurance       
everyone should be aware of when      frauds involve falsified or       
claiming money back on their          doctored receipts, which are      



normally required by insurers as      justify their behaviour by saying 
proof of the value of medical         they are owed the money because   
costs or lost or stolen               they have not claimed travel      
goods.

                            insurance before.

             

5) The problem of travel           

9) Ten per cent of those who   
insurance fraud affects all           commit travel insurance fraud     
travel insurance policyholders,       take the attitude that it’s okay, 
because the extra costs incurred      because everyone does it.

     
in paying out on false travel         

10) The majority of travel     
insurance claims results in           insurance claims are genuine.

 
higher premiums on otherwise          

Whilst claiming extras on your 
cheap travel insurance policies       travel insurance may be tempting, 
to cover those costs.

             it’s always better to invest in   

6) For those that are caught       good quality, cheap travel        
making a false travel insurance       insurance, which won’t leave a    
claim, the punishment can be          nasty aftertaste or the potential 
severe. Not only will they lose       desire to make back losses with a 
the money they have claimed for,      false travel insurance            
they could also face further          claim.

 
financial penalties for their         About the                      
actions.

                          Author

7) Eighteen to 29 year-olds        id="authorbio"                    
are by far the worst offenders,       class="membersnoticewhite">Patric 
with 33 per cent admitting to         k Chong is the Managing Director  
lying when claiming on their          of Journey’s Travel. Their        
travel insurance, compared with       commercial travel insurance       
just seven per cent of over           website, Insuremore, offers 50s.

                              href="http://insuremore.co.uk">ch 

8) Eighteen per cent of those      eap travel insurance packages 
who commit travel insurance fraud     for families, singles, children   



and skiers with free cover            feature.
against acts of terrorism and a       iv>                               
quick and easy online claims          




Published At: www.isnare.com

Isnare.com Articles Trademark Balls Article Tags: fraud, insurance, travel


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