Fraudulent travel insurance claims on the rise
26 January 2009 07:53
The number of holidaymakers fraudulently claiming on their travel insurance for lost or stolen possessions is rising, according to industry experts.
A report by the Association of British Insurers (ABI) has noted a substantial rise in the number of false claims compared to this time last year.
The ABI is quick to warn against such activities - which include travellers fraudulently claiming illness before going on holiday - as they can irreparably damage a holidaymaker's credit history.
Malcolm Tarling, a spokesman for the ABI, said: "Travel insurance is always susceptible to fraud when times are tough and people look at ways of raising what they believe is easy money.
"Because the losses are abroad and police overseas are often not interested in investigating, people can claim possessions have gone missing."
For genuine claimants though, tailored travel insurance can protect against a number of unforeseen events, such as loss of money, valuables or company insolvency.