Car Van Home Life About Budget Contact Us Login / Register Claims About Budget Preventing Fraud About Us Customer Reviews Media Centre Fees and Charges Complaints Fraud Knowledge Base Contact Us At Budget Insurance we are committed to preventing fraud We take every step we can against people trying to commit fraud. Fraudulent activity can lead to everyone else having to pay higher premiums whilst the fraudsters benefit. Our customers come first which is why it’s essential that we work together to stop fraud and to make sure the fraudsters aren’t profiting from the system at everyone’s expense. We have outlined some of the various types of fraud, together with how we are doing our best to prevent this, along with some general information on what you can do to help. What are we doing to help prevent fraud? To make our fraud prevention measures as effective as possible we get data from a wide range of industry-wide sources. These include other businesses, police forces and other law enforcement bodies. Once we have this, we use state-of-the-art technology to cross-reference it with our internal databases and other external data sources, and by liaising with insurers to check information that might look suspicious. In addition to the above we also undertake checks against public information such as the electoral register, County Court Judgments, bankruptcy or repossession information. In order to prevent and detect fraud we and/or the insurer or the re-insurer may: Undertake credit searches Check and/or share your details with fraud prevention and detection agencies; and Share information about you with other organisations including the police, where necessary and proportionate We, the insurer or other organisations may also access and use this information to prevent fraud and money laundering, for example when: recovering debt and tracing beneficiaries; checking details on applications for new products and dealing with claims for all types of insurance. Once we have this, we use state-of-the-art technology to cross-reference it with our internal databases and other external data sources, and by liaising with insurers to check information that might look suspicious. You may recognise some of the fraud prevention steps we take from when you last purchased insurance. When you provided personal details, your no claims discount and information about any previous claims you’ve had, these all go through a checking process to help us identify you as one of our valued customers and not a fraudster. Why do we go to all of this trouble? Fraud is something that might have a negative effect on our customers, so we’re committed to fighting against it. We are always working hard to improve our security measures, protect our customers and their personal data. It’s as simple as that. Application checks Should you deliberately withhold accurate information about yourself and your circumstances you could invalidate your insurance. It is essential that you honestly disclose all relevant information. Remember we, and the insurers, do make checks on the information disclosed and can identify fraudulent behaviour. No Claims Discount No Claims Discount documents are an integral part of purchasing insurance. Documents provided to prove No Claims Discounts are all verified, and any fraudulent or fake documents will invalidate a policy. Claims checks Our claims checking procedures help to stamp out fraud so you’re not paying the price for the actions of a small minority. In addition to this we review every claim in detail so that the few people who try to place a fraudulent claim don’t benefit and you don’t have to pay the price as a result. We can carry out claims checks at any point in the policy purchasing process, and even after payment has been made. What claims do I need to tell you about? You need to tell us if you or anyone else named on your insurance policy have made a claim for damage, loss or liability in the last five years. We also need to know if you decided not to make a claim for the loss – for example if your vehicle or property was damaged but you chose not to make a claim. We have these checks in place to help stop fraudulent activity but also to try and make sure you won’t be disappointed if you make a claim. Not disclosing a past claim could mean your insurance isn’t valid and result in its cost increasing or being cancelled. Different types of fraud Victims of car insurance fraud What can you do to help protect yourself? © 2021 BISL Limited. All rights reserved. Homepage Car Insurance Home Insurance Van Insurance Life Insurance Knowledge Base Budget Insurance Services is a trading name of BISL Limited. Registered Office: Fusion House, Katharine Way, Peterborough, PE3 8BG. Registered in England No. 3231094.We are authorised and regulated by the Financial Conduct Authority. About Budget Blog Hints And Tips Terms and Conditions Privacy Policy Fraud Prevention Sitemap Covid-19 FAQ’s We are an independent intermediary dealing with selected insurers. 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