Axa: Household claim fraud averages £607

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Research by Axa has revealed that the number of people exaggerating a home insurance claim has jumped by 17% since last year, with an estimated 200,000 consumers adding an average of £607 to their claim.

According to the insurer, the results of a survey of 2000 people in the UK showed that insurance was still seen as a soft target. The research highlighted that 12% of people would be more likely to consider making an exaggerated claim now than three years ago. The findings also revealed that only 45% of people consider an exaggerated claim to be dishonest.

London topped the list of places where people have exaggerated claims, not just by number but by value, and men were twice as likely as women

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