Warning for drivers over ‘too good to be true’ mistake that could cost you THOUSANDS plus police fine – how to avoid it
But instead of arranging insurance, the scammers keep your money and issue fake insurance documents.In other cases, the policy could have used false details to push the price down, making it invalid.
In the last 12 months over 55,0003 fraudulent car insurance applications have been discovered, with ghost brokers linked to thousands of cases, according to the Insurance Fraud Bureau . "Not only are victims left hundreds of pounds out of pocket, but they can be stopped by the police and have their car taken away for no insurance."We're actively investigating suspected ghost broking fraud networks in collaboration with police and insurers to protect more people from falling victim.”The warning signs of a ghost broker
Asking for large admin fees: Genuine insurers or brokers are unlikely to ask for fees to be paid in to separate bank accounts, and this could be the sign of a ghost broker.
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