| Many motorists lie on insurance proposal forms |
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| Written by Administrator | |
| Wednesday, 25 July 2007 | |
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One in 10 drivers have provided inaccurate information to insurance companies in the hope of securing reduced premiums - but lying could be an expensive mistake with claims not being met, according to UK research. New research reveals crucial information such as a driver’s age, address, no claims bonus, and previous driving convictions could be untrue.
Major findings of the research include:
Many consumers may see car insurance as a grudge purchase, so it’s no great surprise to see people either withhold or knowingly provide inaccurate, crucial information in order to get cheaper cover. To the consumer, this may seem like a little white lie to save money. In reality, it could end up teaching the driver a costly lesson, as the insurance company is under no obligation to settle a claim based on a policy which is inaccurate.
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