Profile of an insurance fraudster

According to research the most common insurance fraudster is aged between 31 and 50 and has never made a false claim before. They are most likely to be claiming for £500 or less for accidental damage to a computer, television or mobile phone. The profile also reveals men and women were equally likely to attempt to defraud their insurance company.

People who try to commit insurance fraud are highly likely to think a little crime won’t hurt anyone. They are therefore opportunists rather than being serious professional criminals. A bogus household insurance claim may well be perceived as only a little dishonesty.

Claims for computers, mobile phones, jewellery and carpets peak in early autumn. This may suggest that after an expensive holiday, some people may have a motive to invent or exaggerate a claim to help pay off bills.

While police reports are required to claim for stolen items, 82% of fraudsters claim for accidental damage, which does not require official documentation.

According to research from the Association of Brirish Insurers, more than two-thirds of people either wouldn’t rule out or would think it was acceptable to make a false claim or exaggerate the damage or cost of an item that is lost or stolen. The latest ABI figures show that fraud adds, on average an extra £50 a year to the annual insurance bill for every UK policy holder.

Convictedhomeinsurance.co.uk is a website designed to offer impartial advice to be people with convictions and help them insure their property. We offer a confidential service and will do our best to find an affordable policy with the right level of cover.

Our sister site convictedcarinsurance.co.uk helps find convicted driver insurance for offences such as drink driving, uninsured driving and reckless/dangerous driving.