Lady car insurance news
06/06/2008

Fraudster cancels insurance policy to get cash

A women's car insurance firm has warned of the dangers of identity theft after a conman tried to cancel a policy and have insurance cash paid into a fraudulent bank account.

The advice comes after a Kent mother raised the alarm following attempts by the would-be thief to swindle money by cancelling her son's young driver car insurance policy.

The 17-year-old had cover with a well known firm dealing in car insurance, UK based, that cost £1,700 when he set up his policy a few months ago.

The car insurance company wrote to him recently to advise his policy had been cancelled, although the teenage driver had never made such a request.

When the young driver contacted the firm, he was told someone had rung to cancel the policy and requested the balance of the premium to be paid into a new bank account after lying and claiming the old one was now closed.

In the end, no money was stolen - but the fraudster has not been caught.

But lady car insurance firm, CoverGirl, said thieves can be devious and cunning, even though car insurers do establish safeguards to protect policyholders.

A spokeswoman for CoverGirl, a specialist in women's car insurance, said, "It makes sense for policyholders to be careful with their cover information. Some details would be better shredded or disposed of in a secure fashion when they are no longer needed."