Up to 20,000 motorists could be driving uninsured after responding to cheap insurance offers advertised online or via small ads.
‘Ghost broking’ is seen as an emerging threat within the insurance fraud arena, with fraudsters targeting people who cannot afford to insure their car.
Importantly a new fraud unit within the police force has pledged to tackle this problem as part of a drive to combat insurance fraud, recently estimated to be costing the UK £3billion per year.
The Insurance Fraud Enforcement Department (IFED) will be funded by the insurance industry and run with operational independence by the City of London Police.
And remember, our experts here at Finch will be delighted to discuss your insurance requirements if you have any questions, so why not get in touch?