Brokers favour tighter home claims checks, according to Axa
Over one third of brokers (38%) said they believed people were more likely to exaggerate a claim than a year ago, according to research by Axa.
Axa said it had seen a rising trend of exaggerated claims in the last few years and that across the UK, home claims were inflated by £246m per year costing every households an extra £13 on their premiums.
The insurer added that its broker research revealed that two-thirds of brokers would be in favour of tighter checks around home insurance claims.
Axa also stated that 13% of brokers believed customers exaggerated claims, on average, by "thousands" while further research among consumers revealed
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