Fake insurance claims are costing the industry over £800 million a year, according to the Association of British Insurers (ABI). Insurers are intensifying their war against cheats and, as a result, making a claim for a legitimate loss is becoming much more difficult. This makes using a professional loss assessor all the more important and can make the difference in ensuring a genuine claim receives the right settlement.
False home insurance claims are the most common type of insurance fraud, with 170 made every day. According to the ABI, the cost of dealing with these claims has added an estimated £44 to the average UK household’s insurance bill. As a result, insurers are intensifying their efforts to identify cheats, making the claims process even more difficult.
Home insurance claimants should therefore consider very carefully whether they need professional help when dealing with insurers and their loss adjusters. Using a firm of loss assessors places the claim in the hands of experienced claims consultants. They will ensure the interests of legitimate claimants are protected and that they receive the settlement they deserve. To find out more about Morgan Clark’s claims management service, visit our Home Insurance Claims page.