November 16, 2021
Business

Buying bogus car policy from ghost broker could come back to haunt you

HALLOWEEN is approaching – so make sure you don’t fall prey to a ghost broker.

Young adults, including many cash-strapped students, are often targeted by these fraudsters, who sell car insurance policies which appear temptingly cheap.

People aged 17-29 are the most likely age group to report falling victim to fake car insurance scams, according to figures from Action Fraud.

Often, it’s only when they come to make a claim that they realise their policy isn’t worth the paper it’s written on, and in fact they have no valid insurance at all.

Ghost brokers sell policies which may be forged, or the details may have been falsified to artificially make the policy appear cheaper. Or, in some cases, a genuine policy may be taken out – but then cancelled soon after, when you’ve already parted with your cash.

If you’re unsure whether you’re dealing with one of these ghouls, here…

Read full article here: www.irishnews.com