Thursday 29th May 2008
Be Wiser Insurance

When making a car insurance claim, it would be a stupid idea to lie, according to an industry expert.

David Kuo, head of personal finance at Fool.co.uk, remarked that cover companies are now becoming more aware of people acting fraudulently when making claims.

Indeed, research conducted by the Association of British Insurers recently found that more than one million claims involved some form of opportunistic fraud.

Furthermore, the industry body stated that 11 per cent of Britons had committed the crime between March 2006 and March 2007.

"These days the insurance companies are very shrewd and they can detect when somebody is being true on their claims forms," said Mr Kuo.

This comes after Fool.co.uk found that one in three people in the UK is unaware of exactly what the cover they receive on their home, car or van actually entitles them to.

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