According to latest research, around 9% rise has been found in the insurance fraud by the insurers. Even the detected motor insurance frauds include around 40, 000 uncovered insurance which make it difficult for the car owner to get the needed help at the time of emergency. It is significant to buy classic car insurance cover while driving your favourite classic cars to overcome any expensive affair during unforeseen circumstances.
As per the director of ABI the fraudsters try out new ways to con insurers however, the insurers know best means how to nab them. The insurers will be setting up national insurance fraud register to maintain the record of the fraudster car owners so that they are not able to befool the people and insurer in future. With the help of national police insurance fraud investigation unit, it will become hard to commit insurance fraud ever.
The fraudulent claims rise might affect your insurance premium at last so it is wise to avoid whiplash claims to prevent rise in classic car insurance cover price. The fraudster must understand that they might make money by whiplash claims but at last they will be the sufferer. The average premium prices rise with rise in insurance fraud, as the insurer in turn adjusts the claim amount by raising the insurance premium.
Further getting enlisted as fraudster will influence your driving record and you might not be able to get insurance cover and if some insurance company gets ready to take the risk then you might have to pay heavily to get the right insurance cover. It is better to avoid any fraud claims as it might be lucrative for the time being but in long term it might be harsh for your driving record.
The classic car insurance cover will help the specialty car owner to support you in event of any mishap.
