Do Insurance companies pay out?

27 Oct 2016

If you’ve had good professional advice to ensure you have the cover you sought, been honest when you took out the policy, and the claim is genuine; then there should be no reason why they wouldn’t. If however, you choose to follow the example of a Spanish farmer who took out 11 insurance policies worth £3 million and then hacked off his own hand, then no. Miguel Blazquez Palacios was convicted in January for running his car off the road following the self-removal of his right hand, setting light to the car, and calling the emergency services. He proceeded to claim insurance on the basis of eight different policies. Now serving a three and a half year prison sentence he also needs to repay circa £300,000 that he had received from insurance companies.