Insurance fraud clampdown coincides with October half-term holidays
Consumers are being warned not to be tempted to make fraudulent travel insurance claims in a crackdown by authorities.
Concerns have been raised by the Insurance Fraud Bureau (IFB) and City of London Police’s Insurance Fraud Enforcement Department (IFED) that more people could be tempted to turn to fraud to make up for shortfalls from the rising cost of holidays.
Those found flouting the law can end up with in a record on the Insurance Fraud Register (IFR) and potential imprisonment.
Travel insurance claims are amongst the most costly, with some exceeding £120,000 in value, the two bodies claim.
Opportunistic fraud makes up 85% of travel insurance fraud cases, where people not linked to organised crime spot an opportunity to commit fraud to either save costs on an insurance application or make money on a claim.