Over Four Million Brits Consider Fraudulent Home Insurance Claims

May 3, 2012

One in 10 recession-struck Brits admit they would consider making a false home insurance claim, according to research from MoneySupermarket.com.

Britain’s shopping comparison site found 4.3 million people with home insurance, (11 percent), are willing to consider making a false claim on their home insurance. Of these people, four percent (or 1.5 million) admit they’d consider making a false claim – or had already done so – regardless of the economic climate.

Worryingly, almost 780,000 people have already defrauded their home insurer by successfully making a false insurance claim in the last five years.

When it comes to fraudulent home insurance claims, there is a North-South divide with people in the Northeast (15 percent) and Northwest (14 per cent) most likely to make a false claim. Residents in the Southeast were the least likely to make a claim, with only eight percent stating they’d be prepared to do so.

In addition, males are more likely to make a fraudulent claim (14 percent) compared to females (eight percent). Those under the age of 35 are more likely to act dishonestly, with 21 percent making, or likely to make, a false claim compared to just 10 percent of 45 and older.

Opinium Research carried out the online survey of 2,298 British adults.

Source: MoneySupermarket.com

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