As Social Media & Location Based Services are suspected to lead to an increased risk of burglaries, insurance companies are contemplating about increasing their insurance premiums for users of such services.
As reported last week, most users are unaware about the wealth of information they broadcast into the web through their Facebook-status or Twitter feed. As Richard Evens in the Telegraph has reported, this might lead to big rises in home insurance premiums of people who use such services and offers following advise:
1. Never post your home address or other personal information such as your home phone number on social networking sites
2. Don’t follow people you don’t know on social networks and use block others from seeing your profile if you don’t know them
3. Turn off location-based services on Twitter and Facebook unless you absolutely need to use them.