According to a report the fraudulent claim cases cost huge to the insurance industry. The insurers uncover many fraudulent cases every year that reveals the rise in cheating level of car drivers. The Association of British Insurers revealed that there is 9% hike in the fraudulent cases in 2010 as compared to the figures of 2009.The value and number of detected car insurance frauds has risen more than 100% in past five years.
The fraudulent cases not only cost the insurers but also the driver as the sufferer is the car owner. The average premium amount rises every year due to hike in fraudulent cases so avoid cheating and take wise classic car insurance cover to protect the classic car.
The fraudsters look out for new ways to con the insurers but now the insurers have also geared up. As the fraud is happening at a large scale, the provoked insurers have set up an insurance fraud registers having details and information of every insurance cheat. This will bring the fraudulent car owners in the eyes of the insurer which will largely help in avoiding allotment of any insurance cover to such frauds.
Further the national police insurance fraud investigation unit will help in combating the fraud operations making it tough for the fraudsters to befool the insurer.
The car drivers listed in insurance fraud register will find it hard to get a suitable insurance cover as per their needs and budget. So instead of making cash by crash try to be honest while claiming and buying classic car insurance policy.
The Insurance Fraud Bureau director has pleaded the people to report about the suspected insurance fraudsters to combat this problem.
The insurance fraudsters are also involved other criminal activities like theft so it is better to report about such criminals and safeguard your classic car. Taking the coverage of classic car insurance cover will help you in protecting your vintage possession.
