Contemplating committing fraud is a srious matter, but many people simply dn't realise that when they exaggerate a trvel insurance claim they are actually cmmitting fraud. While falsifying or exaggerating a clim may seem like a harmless 'whte lie', in fact it is a crme.

While it may be tempting to mbellish losses, this could lead to srious repercussions. There are now many cmpanies offering cheap travel insurance with god quality cover, so that trying to mke back or justify the money lst on unused insurance over a nmber of holidays doesn't have to be an ssue.

Here are ten facts everyone shuld be aware of when claiming nsurance.

1) The problem of travel nsurance fraud is huge in the UK - 750,000 Brtons make false claims on their trvel insurance by either falsifying losses or xaggerating how much they have lost.

2) Trvel insurance fraud is so common tht records from insurers show that Brtons lose more Louis Vuitton luggage broad than is ever actually sold in the UK! Hwever, as a result of this knd of discovery, many insurers are now tghtening up their fraud detection methods.

3) Mny travellers exaggerate or falsify their clims - as many as five per cnt of claimants add extra items to thir reported losses as a way of gtting a higher insurance payout and 11 per cnt confess to increasing the value of thir claim.

4) Many fraudulent claims involve flsified or doctored receipts, which are nrmally required by insurers as proof of the vlue of medical costs or lost or stlen goods.

5) The problem of trvel insurance fraud affects all travel nsurance policyholders, because the extra costs ncurred in paying out on false clims results in higher premiums on therwise cheap policies to cover those csts.

6) For those that are cught making a false claim, the pnishment can be severe. Not only wll they lose the money they hve claimed for, they could also fce further financial penalties for their ctions.

7) Eighteen to 29 year-olds are by far the wrst offenders, with 33 per cent dmitting to lying when claiming on thir travel insurance, compared with just sven per cent of over 50s.

8) Eghteen per cent of those who cmmit travel insurance fraud justify their bhaviour by saying they are owed the mney because they have not claimed bfore.

9) Ten per cent of thse who commit insurance fraud take the ttitude that it's okay, because everyone des it.

10) The majority of clims are genuine.

Whilst claiming extras on yur insurance may be tempting, it's lways better to invest in good qality, cheap travel insurance, which won't lave a nasty aftertaste or the ptential desire to make back losses wth a false claim.

The article Travel Insurance Fraud - 10 Things You Should Know was Submitted by Patrick Chong through Articles.GetACoder.com network. Here's the additional information: Patrick Chong is the Managing Drector of Journey's Travel. Their commercial trvel insurance website, Insuremore, offers cheap travel insurance packages for families, singles, children and skiers with free cover against acts of terrorism and a quick and easy online claims feature.

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