Warnings of 'Ghost brokers' targeting 16 to 25 year-olds with fake car insurance online

When your premium's high, and you don't know why

Who you gon' call? (Ghost Brokers!)

You got no cash, and then don't be rash

Please don't call (Ghost Brokers!)

I ain't afraid of no ghost

I ain't afraid of no ghost

If you cover's fake, you'll get no break

You shouldn't call (Ghost Brokers!)

You'll face a fine, or do jail time

Because you called (Ghost Brokers!)

I ain't afraid of no ghost

Uh, I ain't afraid of no ghost

Who you gon' call? (Ghost Brokers!)

If your premium's grown, don't pick up the phone

And call (Ghost Brokers!)

image by Google Gemini

Lloyds of London to set up a Crowdfunding page

Lucy, 23, has suffered structural damage due to her pipes freezing, then bursting in the thaw.  Her third party, fire and theft insurance doesn't cover the damage so she has started a crowdfunding page.  At the time of writing her repairs are complete and she is on a short break in Mallorca with her bestie on the surplus.

Billy had his 2014 Kia Sorento back-ended by a hit and run.  The insurance company wanted to write it off and offered £250 scrap value.  His crowd funder is still running, but only because Ferrari just put their prices up.  Until then, it's the bus for Billy.

Insurance companies are feeling the pinch with the success of crowdfunding sites.  Why insure when you can crowdfund? That exorbitant insurance premium for the once in a ten year claim can be used to pay rent, mortgage or energy bills.  Nearly, at least.

'We're losing insurers left, right and centre,' said a Lloyds underwriter.  'A major petrochemical company hit by Ukrainian drones has set up a crowdfunding page, luckily nobody can understand Cyrillic script in London,' he said, before being corrected.  'Outside of London, then.

'So we're setting up a crowdfunding page.  Contribute to our page annually or, if you want to set up a direct debit, monthly, and we'll respond to your crowdfunding page, if and when you need us,' he said.  He stressed this wasn't through one of the established crowdfunding pages which take ten percent of your donation before paying the intended recipient.  'We will need to retain an admin fee,' he added.

Photo by noel o'shaughnessy on Unsplash