Insurance fraud 'to jump in December'

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Insurance fraud 'to jump in December'

Each year, figures show the level of insurance fraud increases significantly in December as unscrupulous individuals look to take advantage of insurers to finance their festive spending.

According to data compiled by AXA Car Insurance, there is a 40 per cent spike in claims at this time of year, with many of the incidents being reported involving fire and theft of vehicles.

Steve Gaywood, head of counter fraud at AXA, said: "Christmas is expensive and it is sad to see the desperate measures people will go to for a bit of extra cash but insurance fraud is really not the answer."

Research from the company also showed that 44 per cent of Brits believe they will be in debt after Christmas this year, with 60 per cent of this group believing it will take many months to pay off these costs.

Figures from the Fraud Advisory Panel show fraud costs the sector £2 billion per year, with the average motorist facing additional charges of £44 per year on their premiums as a result.

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