Could your car insurance policy be fake?
Multiple suspects have been arrested in a nationwide crackdown on fake car insurance scam known as ghost brokering.
Back in 2012 we shared an article on the scam highlighting how to spot whether your policy is fake:
You approach a local, independent, insurance broker because you’ve seen an advert promising a better deal on your car insurance.
You give them your details, they give you a quote and, after you’ve handed over your money, the documents arrive.
But they’re fake.
This is known as ghost brokering. These firms act as middle-men, and they contact real insurance providers on behalf of customers to arrange cover.
However, they fraudulently change the customer’s details to keep the premiums artificially low, leaving you out of pocket with an invalid car insurance premium.According to Action Fraud up to 20,000 motorists could be driving uninsured after responding to cheap insurance offers advertised online or via small ads.
But the Association of British Insurers (ABI) believes the problem could be much bigger.
Read the full article at Confused.com to find out more and how to spot if your policy is a fakehttp://www.confused.com/car-insurance/articles/ghost-brokering-could-your-car-insurance-be-a-fake #carinsurance #insurancescam #motoring