Someone is using our address for dozens of home, pet and car insurance policies

[helen_p]

Hi
We have a business. This week we started to receive dozens of insurance policies addressed to our exact address and postcode. I contacted my bank manager who got back to me asking me to fax him the documents. Turns out they are all in the same name, (not ours) with the same bank account details, all starting different dates in October and November. Around 8 home insurance policies, several car and pet policies. I have, at his suggestion contacted the bank concerned and their fraud department has taken the bank name and details as if this is someone's actual account there will be so many direct debits coming out.
What could someone be getting out of this ? - not aware we have upset anyone enough to spend hours and hours applying for insurance apparently online.
I have e mailed CIFAS and logged the car insurance details with our local police station but the car registration used was not registered to a car.
Can this affect our credit rating ?
Is there anything else I can do apart from returning all this mail (10 more arrived today!) with a note explaining this person is not known at my address and it is one of dozens of applications.
I am also about to let our local PO know to save the poor postie carrying all the extra mail.
Thanks

[helen_p]

Interesting! Our local postman has told me a business down the road has received post for exactly the same name at their address, again all insurance documents.

[icemaiden]

Maybe your postie peed off someone....just a thought.

[factor-fiction]

Some of these frauds involve a fraudster taking policies out in order to earn commission via a cashback company

[boxtops]

Good thought factor, so much insurance is commission-based - but you wouldn't get the commission if the premiums weren't paid, are they hacking someone's bank account?

[catmeister]

The same is happening to us at the moment. Multiple home insurance policies, pet insurance and vehicle breakdown too. I cannot understand the logic of it unless it's for them to score a better credit rating. Have rung all companies concerned and handed all the information over to The Insurance Fraud Bureau who were extremely helpful.

I am going to check with Experian to make sure that our credit rating has not been affected.

As you say, I don't really understand the benefit of doing this other than trying to gain credit rating to take out a loan etc.