What is insurance fraud?
Fraud is "an intentional act, carried out by a legal or natural person, in order to unduly obtain a profit from the insurance contract".
This includes several types of false declarations:
Inventing a claim in order to be compensated for damage that did not occur
Misrepresenting the circumstances of the damage in order to be compensated for an event that is not covered by the policy in the first place
Declaring a false date of loss, so that the loss is covered even if you were not insured when it occurred
Providing falsified invoices (in terms of dates or amounts)
Providing false information when taking out the policy so that the premiums are lower
All these actions amount to consciously giving false information to your insurer in order to make a profit, and therefore constitute fraud.
Combating fraud is a major objective at Luko.
What does this mean for you?
In case of false declarations during the handling of a claim: loss of cover
The insurer has the right to cancel a contract following a claim, without any further reason.
In this case, the claim will not be covered, regardless of the amount involved in the false declarations.
Thus, the falsification of any document would result in the loss being entirely excluded from coverage, both for property and personal property damage.
In case of falsified risk at the time of subscription: the nullity of the contract.
If you voluntarily provide false information about your home when you take out your policy, the policy will be void.
Your guarantees would therefore be considered null and void.
The period of cover would be cancelled: if you have already received compensation for a claim, this would have to be reimbursed to your insurer.
The contributions already received would be retained as damages by your insurer.
☝️ Please note:
Scamming is recognised as an offence punishable by 5 years in prison and a €375,000 fine. Similarly, the production and use of false documents is punishable by 3 years' imprisonment and a €45,000 fine.
In the event of proven fraud, the insurance company may consider legal action.