Recently, \u2018ghost brokering\u2019 fake insurance policies has risen dramatically in the UK. It has surprisingly become one of the latest frauds in the field of car insurance.<\/p>\n
According to anti-scam website Action Fraud, around 20,000 British motorists have already committed of this new form of car insurance crime, so what is ghost brokering and how can you avoid it?<\/p>\n
Ghost insurance brokers target drivers looking for cheap car insurance\u2014these criminals will often act as insurance intermediaries offering to get you the best deal on your car cover.<\/p>\n
Cash-strapped young motorists are generally the target market, with ghost brokers often using social media posts to advertise their services.<\/p>\n
Once contact has been made with the fake company and the unknowing punter has handed over their details, the ghost broker will haggle with an insurance company and get a cheap quote.<\/p>\n
This is usually way under market rate and too good to be true, because the middlemen have changed the proposer\u2019s details to reduce their premium.<\/p>\n
Following the customer\u2019s acceptance and the payment for the policy, these fake insurance brokers will then send out the policy documents.<\/p>\n
But even though the motorist may have paid for their insurance, they could be left without cover in the event of a crash.<\/p>\n","protected":false},"excerpt":{"rendered":"
Recently, \u2018ghost brokering\u2019 fake insurance policies has risen dramatically in the UK. It has surprisingly become one of the latest frauds in the field of car insurance. According to anti-scam website Action Fraud, around 20,000 British motorists have already committed of this new form of car insurance crime, so what is ghost brokering and how …<\/p>\n