Insurance Companies Don't Like You Using Facebook and Twitter

Insurance companies are getting desperate. They will do what they can to squeeze more moolah out of its customers.

Home insurance premiums could rise as much as 10% for the most trivial of reason… if you are using social media websites such as Twitter and Facebook because it can compromise your home security.

Darren Black, the head of home insurance at Confused.com, said: “I wouldn’t be surprised if, as social media grow in popularity and more location-based applications come to fore, insurance providers consider these in their pricing of an individual’s risk. We could see rises of up to 10pc for people who use these sites.

Source: Telegraph

WTF, that basically includes everyone, except for your 90 year old grandma.

Paul is a geek who shares his thoughts on technology, gadgets, social networks and football in this blog. Stay in touch with his updates by subscribing to the RSS feeds or Email. Thanks for visiting Seventoten and leaving a comment.  To change this standard text, you have to enter some information about your self in the Dashboard -> Users -> Your Profile box.