Junket Insurance Fraud - The Consequences
Rebecca and Shanti were both truthful law-abiding people with regulation degrees from Sussex University, so it came as something of a suprise when they were recently arrested in Brazil for committing holiday insurance fraud. The two girls allegedly told the police that thieves had stolen environing 1,000 of their possessions, including a camera and laptop computer. However, officers became suspicious of their pacific demeanor and the truth that it had taken the girls days to announcement the alleged offence.
The police thereupon demanded to glare the girls' lodgings, where they assert to gain uncovered all the possessions which the girls claimed had been stolen en-route to Brazil's Iguassu Falls. Rebecca and Shanti could face up to five year's imprisonment provided they are initiate guilty of committing holiday insurance fraud in Brazil, and this sentence is in fact fully lenient when you accede some of the punishments that they could face whether they had dedicated the crime in a antithetic country.
In England, tourists face up to 10 senility imprisonment as a corollary of manufacture fraudulent holiday insurance claims. This sentence could much be on top off further penalties, such as repayment of the vastness you claimed and compensation to your overnight insurance company. You would get deducing that the outlook of a ten year prison sentence would deposit most folk of committing commutation insurance fraud, on the contrary ultimate year 4,300 dishonest claims fee 5million were false buttoned up holiday insurance companies in the UK alone.
Overseas police forces and globetrotting insurance companies, enjoy momentarily started to gratify more and more added vigilant approximately holiday insurance cheats, a policy which no mistrust led to the arrest of Rebecca and Shanti. Details of fraudulent passage insurance claims hog immediately been kept on an industry-wide database, which testament be accessed by the Financial Services Management and insurance companies. This wealth that anyone caught trying to commit holiday insurance fraud will any more automatically face higher insurance costs and annex dilemma obtaining other insurance cover, such as homey insurance. On top of this, attempting to commit drive insurance fraud may as well concussion on your credit rating, which would build it extra formidable to achieve goods or borrow cabbage in the future.
It is reported that 75,000 Britons obtain at some location in their lives committed holiday insurance fraud, either by production a false asseverate or by exaggerating an existing one. Records from expedition insurance companies manifest that Britons lose bounteous Louis Vuitton baggage overseas than is indeed ever sold in the UK.
So innumerable fraudulent claims, however, could flash the cusp of cheap peregrination insurance, as holiday insurance companies may committal to lay up their prices in succession to beget up for the losses that they may incur.
Rebecca and Shanti's Brazilian sentence may chalk up seemed tough, however if the girls had attempted to commit holiday insurance fraud within the UK then they would hold risked a all the more stricter sentence.
Patrick Chong is the Managing Director of Journey's Travel. Their commercial travel insurance website, Insuremore, offers travel insurance for families, couples and singles with a quick and easy online claims feature.
Source: http://ezinearticles.com/
Added: August 17, 2009
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