Facebook and Twitter to Raise Insurance Premiums

23/02/2010

Social networking sites like Facebook and Twitter could increase your insurance premiums.

Insurance experts at Confused.com have stated that this type of surveillance could be just around the corner. Insurance companies can find out more than you realise simply, from your Facebook or Twitter account and what you post could negate claims or increase your premiums.

A picture of your bonfire in the garden, you with a bottle of beer or a statement about dangerous traffic close to your home could result in higher premiums.

Insurance companies could use social networking sites to prove your negligence and throw out your claims, when a statement or picture could be completely innocent.

In a time when insurance companies do not want to have to pay out, advice is to ensure that your privacy settings guarantee that only your friends can see your social networking accounts.

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