ABI Reports on £1.9bn Fraud in UK Insurance!

An ABI report has suggested that there is £5.2m of undetected fraudulent insurance claims made daily in the UK.  This represents a quarter increase on figures released two years previously.

The fraudulent claims referred to range from people not declaring motor convictions on their car insurance policies to completely staged car accidents and home contents claims.

People who subsequently have insurance refused find it very difficult to subsequently reinsure.  Naturally, insurers are particularly concerned with people who have previously tried to defraud them.  However it is possible to find insurance for previously refused policies as well as ex offenders insurance.

One specific form of fraud which the ABI have identified is the claiming on home insurance policies for items accidentally damaged, when the damage was deliberate.