One in 10 lie to insurers

ONE in 10 men and women has admitted to lying or being economical with the truth when dealing with their insurers.

Yesterday insurance firms warned policyholders they needed to be up-front with their insurers or risk being refused pay-outs when the time comes.

The Irish Insurance Federation (IIF), which represents insurers, said people who lied on application forms also bumped up premiums for honest policyholders.