Expert warns of insurance fraud consequences - Health insurance - News - Moneyfacts

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Expert warns of insurance fraud consequences

Expert warns of insurance fraud consequences

Category: Health insurance

Updated: 26/11/2012
First Published: 17/04/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Consumers considering making a fraudulent insurance claim have been warned about the potential consequences.

Malcolm Tarling, spokesperson for the Association of British Insurers, explained that figures showing an increase in false claims have been released as part of efforts to deter the practice.

He noted that the industry has been investing in combating the offence and that fraud adds around £40 to the average policy.

Commenting on the possible outcomes, he remarked: "The worst that can happen is you'll end up with a criminal conviction and you'll find that future insurance may be harder to obtain."

Health insurance customers who are planning to carry out a comparison may wish to take note of the advice in order to avoid such problems.

Recent research by RSA revealed that at least 1.4 million believe that the current economic climate makes committing insurance fraud more acceptable than it was a year ago.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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