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Insurance - Fronting ....
Posted: Mon Oct 22, 2007 10:53 am
by Ben
Thought this made interesting reading.
http://news.bbc.co.uk/1/hi/programmes/m ... 052569.stm
This covers is where the parent insures a car saying they are the main driver when infact their son / daughter is...
Posted: Mon Oct 22, 2007 1:50 pm
by Rob_B
This has been going on for years...theres are lots of ways to front a policy, the above is the most common..
insurance companies that offer cheap premiums are the ones who will void a policy due to fronting when there is a claim..the more expensive ones, such as norwich union will just unsure you pay the correct premium before paying out.
the company i used to work for have now started placing loads(extra money) on policies when possible fronting has been discovered
Posted: Mon Oct 22, 2007 1:55 pm
by Ben
When I was 17 I bought a 'car' i.e. a registration etc for a crushed fiat 127 ... then insured that for a few years to build up a no claims bonus prior to purchasing a car of my own, much safer than defrauding insurers - ps - I work for NU - well I do this week but with the recent announcements who knows!.