| Car insurance companies are very strict on their | | | | irregularities. Besides this, insurance companies now |
| insurance packages and most times, they look at | | | | have penalties that are meted out on culprits of this |
| your details to be able to award you the necessary | | | | act. These include: |
| insurance. Therefore, it is not uncommon to find car | | | | 1. Cancellation of the Insurance Policy. |
| insurance buyers looking for ways to falsify their | | | | All culprits will lose their rights to any form of |
| details in the bid to reduce their premium price and | | | | insurance with the company of they are caught. This |
| get cheaper car insurance quotes. In fact, research | | | | means that all the monies paid prior to that time will |
| has shown that in the UK alone, over 10% of all | | | | not be retrieved or paid back and the driver will |
| drivers have lied at a point in time about their details | | | | forfeit all attendant benefits. |
| or records while in the US, it is estimated at a | | | | 2. All Claims will be lost and denied. |
| whopping 27%. Details that are mostly lied about | | | | All drivers caught in the act of falsification will be |
| include the age and address of the driver. In some | | | | denied all claims. During accidents, most drivers and |
| cases, drivers have been known to leave out | | | | car owners resort to the insurance company to offer |
| speeding tickets, drunken driving records and bans on | | | | some form of relief. Even if the claims are genuine, |
| driving they may have received. | | | | the insurance company will desist from making the |
| Sadly, many drivers seem to think this is the norm | | | | required payment if it detects false information. |
| and therefore lie about all these when they are | | | | 3. Blacklisting in all car insurance companies |
| applying for an insurance policy. And this is further | | | | Depending on the severity of the false information, |
| influenced by the thinking that the companies are | | | | most insurance companies will willingly blacklist the |
| mandated to pay and reward them. Most informed | | | | driver thus making it really hard for him to drive his |
| drivers know that falsifying your records is seen as | | | | car. |
| fraud while the uninformed drivers think it is ok to lie | | | | 4. May pay Fines |
| about their records. The truth is insurance companies | | | | If the driver is found guilty of severe falsification or |
| are beginning to catch up with this trend and are | | | | under the insurance act, he would be required to pay |
| taking steps against the frequent occurrence of such | | | | the sum of one hundred thousand dollars and another |
| acts. One of these steps is in the installation of | | | | two hundred thousand dollars if there are other |
| software that will function as a lie detector and will | | | | offences discovered. |
| compare all the different data for traces of | | | | 5. Jail Terms. |