Motorhome owners along with motorhome insurance providers will be disturbed with recent research that shows that an increasing number of people are taking a huge risk with their insurance policies by knowingly lying to their insurers when looking for cheap insurance.
It has for many years been a contributing factor in causing motor insurance premiums to rise but the practice now appears to be on the increase. Many United Kingdom motorists are lying to their insurance providers just to get cheaper premiums, according to the damning result of the research from a financial services company. Almost a quarter (24%) of drivers lied on their insurance policies and 40% admit they don’t tell the truth because they couldn’t afford the premium for the correct information. With motorhome owners out on the road a large amount of the year, their holiday could be ruined if their mobile home is damaged in an accident with a vehicle whose owner has lied to insurers. A collision with an uninsured or underinsured driver is a nightmare scenario for any law abiding motorist and can easily leave them with a repair bill through no fault of their own. Drivers need to make sure their insurance information is 100% accurate because any medical claims would also not be covered.
Another worrying statistic is that 26% of drivers wrongly believe lying to the insurer is a widely accepted activity and a further 28% believe that fronting is also an acceptable lie. Fronting involves parents falsely telling their insurance provider that they are the main driver of a car when their child will be the one driving the vehicle. Other potential problems motorhome owners face is that 13% see excluding additional drivers on a policy as acceptable and 22% agree that underestimating the amount of miles they actually drive is perfectly natural. Unsurprisingly, a further 20% revealed they have lied because they resent paying for expensive insurance. In 2011, 12% of motorhome insurance claims involved an accident with a driver who had their insurance cancelled because of lies told on the application form.
It’s possible that insurers need to make drivers more aware of the rules and legal implications of filling in an insurance form and they may have to simplify applications after 46% of respondents said they actually guessed the answers to some questions because they didn’t understand the wording.