Categories for Claims

Would You Believe It?

September 19, 2015 2:28 pm

Just as each wedding creates potential business for divorce lawyers, so each engagement gives insurers a chance to drum up business. Future spouses may wish to protect themselves against something going wrong on the wedding day. It is unlikely that your betrothed will scarper on horseback, as Julia Roberts did in “Runaway Bride”, and most insurers wouldn’t cover that anyway. But you never know what might happen. A typical English wedding costs £20,000 or so. This has fallen a bit over the past quarter-century but still seems lavish given how tight English belts are these days. Weddings are pricey because...

Deaf workers accused of ‘new whiplash’ claims in insurance fraud

March 21, 2015 3:28 pm

Firms are dismissive of complaints by employees who have suffered hearing loss in the workplace. Compensation claims for industrial deafness have risen by two thirds over the past two years, according to insurance and legal experts. Despite the increase, however, only one in 10 cases are being paid out amid claims of widespread fraud. An estimated 80,000 claims were made last year, compared with 55,000 in 2012, according to the Institute of Actuaries. With only 10 per cent successfully receiving pay-outs, Industrial Deafness cases have been dubbed “the new whiplash” by some insurers. AXA insurance had more claims for industrial...

Don’t accidentally invalidate your home insurance.

November 21, 2014 3:23 pm

Few of us think we’ll ever fall victim to burglary yet it’s an issue that a surprisingly high number of people have faced. According to recent research, 1 in 10 of us has had our home burgled. More alarmingly perhaps is that one in three people admit to leaving doors unlocked when they leave the house and six per cent hide spare keys near their front door.   While some may think leaving doors unlocked is a trivial action, by not securing your property efficiently, you’ll not only risk burglary, you’ll also risk invalidating your home insurance. If there is...

‘Cash for crash’ scams fuel sharp rise in insurance fraud

October 21, 2014 3:20 pm

Aviva, which says it discovered more than £110m worth of fraudulent claims last year, cites economic climate as a factor.    A surge in so-called “cash for crash” scams and fraudulent whiplash injury claims is being blamed for a sharp rise in insurance fraud detected by Britain’s biggest insurer.   Aviva said it discovered more than £110m worth of fraud in 2013 – up 19% on the previous year – and that it was currently uncovering 45 fraudulent claims a day.    However, while policyholders submitting inflated or invented claims for supposedly stolen or damaged valuables is still an issue,...

How a simple query could cost you a premium penalty

January 21, 2014 3:04 pm

Even if you don’t make a claim, calling the insurer direct to see if you are covered is logged – and the result can be very expensive.   Dropped your mobile down the loo and wondering if you can claim on your home insurance? Not sure if that leak in the kitchen ceiling is covered by your policy? You might naturally call your insurer to find out. But if you do, the information you give could be held against you – even if you do not make a claim – and raise future premiums by hundreds of pounds.   These...