Car insurance firms are clamping down on fraud

Thu, 29 May 2008

Car insurance firms are using increasingly sophisticated methods to catch people who make fraudulent claims, one expert has stated.

According to David Kuo, head of personal finance at Fool.co.uk, car insurance companies are beginning to make use of voice analysis technology which can tell if people are lying.

He said: "I think you will find that insurance companies are becoming very prudent in terms of their finances .

"It's become a very cut throat business and insurance companies are very careful about how they pay out these claims."

Car insurance companies are also looking at other ways they can examine claims forms to detected fraud, he added.

Yesterday, Mr Kuo warned that anyone who is caught lying when making a car insurance claim could void their policy.

People might also find it difficult to find car insurance cover in future and the cost of their premiums is likely to increase as well.
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