Coverfast

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This Platform Has Been Identified as Fraudulent

Coverfast is a confirmed scam. Do not send money or share personal information. If you have been affected, contact your bank immediately and file a report with authorities.

How This Scam Works

Coverfast operates across multiple domains (coverfast.co.uk, coverfastinsurance.com, coverfast.io, coverfast.biz, coverfast.org) as a fraudulent clone of an FCA-authorised insurance broker. The UK Financial Conduct Authority (FCA) has issued two separate warnings against Coverfast — one as a standalone clone and another alongside its alias TempDrive (tempdrive.co, tempdrive.insure). The platform falsely presents itself as a legitimate insurance provider, collecting premiums from victims while providing no actual coverage. Victims who believe they are insured are in fact driving uninsured, leaving their vehicles at risk of police seizure under Section 165 of the Road Traffic Act. The UK address used is a mailbox at a private PO Box company, and the firm falsely claims association with Montgomery Kent Insurance Brokers — itself a ghost company.

Warning Signs to Watch For

1.Two direct FCA warnings: Coverfast (clone of FCA authorised firm) and Coverfast / TempDrive (clone)
2.Collects insurance premiums but provides no actual coverage — victims are unknowingly uninsured
3.Vehicles of victims at risk of police seizure under Section 165 of the Road Traffic Act
4.UK address is a mailbox at a private PO Box company — no real office
5.Falsely claims association with Montgomery Kent Insurance Brokers — itself a ghost company
6.Operates across at least 7 domains to evade shutdowns and reach new victims
7.ScamDoc trust score: 1% on coverfast.org.uk

Evidence & Investigation

Two direct FCA warnings: Coverfast (clone of FCA authorised firm) and Coverfast / TempDrive (clone of FCA authorised firm); Trustpilot victim reviews confirming fake insurance and vehicle seizure risk; ScamDoc 1% trust score; Resch Investment Fraud legal coverage of FCA warnings

What to Do If You've Been Affected

1Contact your bank immediately to freeze accounts and stop transactions
2File a police report and obtain a case number
3Report to financial regulatory authorities in your country
4Change all passwords and secure your online accounts
5Monitor your credit report for suspicious activity
6Document all communications and transactions with the platform
7Be wary of "recovery services" that demand upfront fees — these are often additional scams
Coverfast
ActiveFraudulent

Coverfast

Fake Insurance Broker / Clone of FCA Authorised Firm

coverfast.co.uk
Est. LossesUndisclosed
VictimsMultiple reported
Date Exposed7/12/2024
Reported ByFinancial Conduct Authority (FCA)
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