Ghost brokers, scams, and cheap van insurance

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Insurance fraud is on the rise…don’t fall for the trap

Cases of fraud are on the rise according to the Insurance Fraud Bureau with record numbers of young drivers being tricked into buying false insurance online.

Young workers looking for lower premiums are being lured by the promise of cheaper policy prices…and are then being taken for a ride when the fraudster runs off with their money, according to a recent report in the Daily Mirror.

Adverts promising cheap insurance on money forums and social media sites are leaving people at risk of breaking the law as they discover they have no insurance and their money has been stolen.

If you have a van, it needs to be insured. The law is unequivocal on that score and makes it a requirement even if the van is parked and kept off road – unless you have obtained an official statutory off road notification confirming that you are not going to be using it.

Whatever the temptation to cut corners it is likely to come at a high price and one to be ignored at your peril. The law imposes stiff penalties if you are the keeper of a vehicle that does not have the legal minimum of third party insurance. If that vehicle is being driven whilst uninsured, the penalties are even stiffer.

So, you decide to play by the game and arrange cover for your van. That leaves you with the decision of whether to restrict the level of insurance to the legal minimum of third party cover only or seek to provide the greater protection of third party, fire and theft or fully comprehensive insurance.

Before you buy your insurance visit www.biba.org.uk to find out if you’re dealing with a legitimate insurance brokerage.

Don’t forget, if it seems too good to be true – it probably is!

 

 

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