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'Don't risk' false insurance info

Consumers have been advised not to be tempted to omit or falsify information in insurance applications despite intensified need to tighten spending.

Price comparison site Gocompare notes that such behaviour results in a false economy that can invalidate policies and make obtaining insurance more difficult in the future.

Among the common indiscretions advised against by the insurer are non-disclosure of material facts, failure to notify insurers of changes in circumstance and providing false information.

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March 2008

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