Travel Insurance Blog

It is expected that the number of fraudulent claims submitted to travel insurance companies will increase because of the current recession. Many travel insurance companies are already reporting an increase in fradulent claims with many customers reporting that pricey possessions such as watches and iPods have been stolen while on holiday. Unfortunately, some people think that defrauding insurers is an easy way to make money in a tough economy.

Other travel insurance clients will fake an illness to get out of an expensive trip abroad. Some fraudulent claims will reported to credit agencies and the insurer may seek legal action. Travel insurance companies are very good at spotting false and fraudulent claims, so think long and hard before submitting a bogus travel insurance claim as the insurers are not easily fooled. Of course, the vast majority of travel insurance claims are submitted by honest customers.