Social networkers to see home insurance prices rise

Posting location could be classed as negligence

Social networkers who use location-based services such as Facebook Places should expect to see their home insurance premiums rise, says Confused.com.

The online insurance firm, which predicted earlier this year using social networks could plead to hikes in insurance premiums, issued the warning after a burglary scam in the US saw 50 homes broken into and $100,000 worth of goods stolen.

The criminals used Facebook to monitor when web users 'checked in' to places on the social network, highlighting the fact they were away from home, and then targeted the empty properties.

"What's happened in the US could be the start of a worrying trend and if insurance providers see it as a potential risk, you can bet your home contents on the fact they'll start pricing for it," Gareth Kloet, head of home insurance, at Confused.com

"Something like Places on Facebook broadcasts people's locations on a platform which has 500 million users - you don't need to be an insurance provider to see the risk that poses. I wouldn't be surprised if we see rises of up to 10 percent for social media users in the future."

Kloet said criminals are increasingly using the web to help gather information and insurance providers are starting to take this into account when they are assessing claims.

"We may, in future, see insurers declining claims if they believe the customer was negligent," he said.

"We would always recommend that our customers have adequate security and insurance in place to protect them should the worst happen, however they need to be aware that home security doesn't just mean physical locks."

Confused.com also urged web users not to post home addresses or personal information on social networks, as well as turning-off location-based services and only 'following' or connecting with people you know.

See also: Geolocation causes Brits to worry about personal security

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags internetFacebooksocial networkingInternet & broadbandInternet-based applications and servicesPC security

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Carrie-Ann Skinner

PC Advisor (UK)
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?