As many kids drive off to university in cars that their parents and grandparents have helped them buy, they may be unaware that their helpful relatives are unintentionally committing insurance fraud, it has been revealed.
New research by Zurich has indicated that if a vehicle is primarily insured in the name of the adult who helps a young driver purchase it, they may be unwittingly breaking the law.
Claims fraud and investigations manager at Zurich Scott Clayton stated that although many parents and grandparents want to help their younger relatives, insuring a vehicle in their own name when they are not the primary driver will not aid them in the long-term.
"An insurer would be within their rights to decline a claim or recover any third-party costs from the child or parent and grandparents themselves," he said.
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