Don't be too open on Facebook!
As the insurance sector, always looking to cut costs and reduce liabilities, tackles the issue of Facebook and other social networking sites it appears that many customers could see their premiums increase and their payouts decrease. It seems that too many people are being far too open on their social networking pages, discussing holidays, posting pictures of their homes and releasing other confidential information to the world.
Over the last few months there have been instances of crooks monitoring Facebook pages to try and get an idea of people's daily routines and even when they may be on holiday. Convicted crooks have also confirmed that an innocent picture of your home may well be something of a gold mine for those with a criminal mind as they may be able to see whether you have pets in the house and other vital details.
At the moment there are no immediate plans to increase premiums for those who are "too open on Facebook" but this appears to be the start of a campaign by the insurance sector to reduce liabilities and increase the cost of everyday insurance premiums. If you are one of the hundreds of thousands of people who fall into this particular category, you have been warned!
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