%20shows%20that%20total%20fraud%20cases%20have%20remained%20stable%20over%20the%20periods%202009%20and%202010.%20Compare%20Home%20Insurance%20prices%20to...){kind=link}
Home Insurance Fraud
Home Insurance Fraud
After reporting on the rising cost of car insurance yesterday and the two factors pushing up premiums we latched on to some information regarding Home Insurance which we thought you would be interested in. There has been a new report compiled by CIFAS (the UK's fraud detection agency) shows that total fraud cases have remained stable over the periods 2009 and 2010.
Compare Home Insurance prices to make sure you are not paying too much for your premium. Also see what free elements you can have by shopping around.
It had been thought that overall fraud claims was on the rise however CIFAS report that the number of Home Insurance fraud cases had fallen 41% year on year. The number of fraudulent claims drop from 2009 and has seen a steady further drop through the back end of 2010 which is excellent news for the market as a whole.
CIFAS comment that they still find the main cause of policy fraud comes when a claim is genuinely made but values of goods are inflated. Claimants still find it difficult not to add on a few pounds to the value of a claim to see if they can "get away" with the heightened values.
As we commented yesterday the number of "staged claims" in the car insurance arena is still increasing and causing premiums to rise. So the reduction in Home Insurance fraudulent claims will come as good news to insurers and customer alike.
We feel it is very key to get a good policy for a fair price and using a Compare Home Insurance engine is key to doing this. If you do have to make a claim you need to be as honest and as open as possible. By following this practice you are sure to find that any claim you make will run a smoothly as possible.
In the case of inflated claim values we feel that consumers feel that the policy provider will try and reduce any liability they face any way they can. Therefore people are tempted to add a bit on to the claim in the hope that this ends with the full value of the claim being paid (after any reductions). Potentially it would benefit the market to clarify the claim procedure and how any claims will be handled. If people feel they are getting a fair and transparent deal we would hope that further cases of inflated claims would drop.
By clarifying the claims process people would potentially be more prepared prior to any event occurring. If house owners knew that they needed to keep all receipts for purchases that they make for as long as they use the item they can prepare for this. Also if they fail to follow the advice by the policy provider they only have themselves to blame if a subsequent claim is made.
In the coming weeks we will try to compile a tips sheet for preparing for an insurance claim so you can have all the information you need. Check out the huge range of policy providers and Compare Home Insurancefeatures. Suggestions about Obtaining Inexpensive California Homeowners Insurance Affordable House Insurance BC Unoccupied Property Insurance – Empty Homes Targeted by Thieves How To Choose A Home Insurance Policy: What A First Time Homeowner Should Know About Home Insurance Insurance Companies Offer Security System Incentives for Homeowners Home Insurance: A Brief Step by Step Guide Tips on Finding Affordable Home Insurance Why NJ Home Insurance Is Necessary The Top Three Advantages Of Home Insurance Take Time To Understand Homeowners Insurance How to Make Sense of Home Insurance Rates? How to Make a Home Insurance Claim