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TCF Lifestyle
Lifestyle insurance products provide
additional cover to everyday items either not covered by household
insurance e.g. mobile telephone, or is additional protection purchased
at the point of sale for belongings such as furniture, electrical items
etc. There is even more fraud risk in this insurance than home
insurance, because of the type of commodity being insured. These
commodities, such as mobile phones, a suite of furniture, a laptop etc
become outdated or out of fashion so much quicker than other belongings,
and like home cover, lifestyle cover can tempt some policyholders to
fraudulently claim on their insurance in order to replace or upgrade the
item, without any cost.
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