Title: Avoiding Fraud Insurance: If It Sounds Too Good To Be True, It Possibly Is
1Avoiding Fraud Insurance
If It Sounds Too Good To Be True, It Possibly Is
2- Insurance is very complicated. There is a wide
variety of this stuff ranging from health
insurance, car insurance, life insurance and
homeowners insurance which are necessary in
todays times. Agents, insurers and reinsurers
get billions of dollars every year from this kind
of business whether legally or illegally. With
todays generation of genius minds and
resourceful people, these illegal exploits are
oftentimes overlooked.
3- One kind of insurance fraud targets unsuspecting
policyholders. Many individuals are deceived when
they buy worthless insurance policies. When
disaster strikes, and policyholders seek
reimbursement for damages, they find they have no
coverage. - There are a lot of complaints and stories
emerging from this issue. One factor that con-
artist take advantage of is their victims lack
of English knowledge. Insurance contracts are
usually written in English and are complicated
with the use of unordinary words that people from
non-English speaking nation may not fully
understand.
4- Investigate
- Take time to shop around. Read some articles and
ask around but dont trust immediately. With the
wide access of internet everywhere, you can
browse and check which insurance company may best
suite your needs. You can always check their site
if it seems big. If they have a number posted on,
you may call and ask them a few questions. Most
legit companies do not mind answering a few deep
questions and may allow you to have a look into
their policies and terms.
5Promises are not meant to be broken
Some insurance agents lure people in through
their sweet talks and flowery words. Some might
even encourage you to add unnecessary services on
top of your plan. Always ask for a document that
shows the legitimacy of their words. At the very
least, you should be given the name of the
insurer including a primary phone number and
address. Before signing up for coverage or making
any payment, review and check to make sure the
insurance company is licensed with your state
department of insurance. Also check the company's
financial stability with one of these free
insurance rating services
6- Standard Poor's at (212) 208-1529 Moody's at
(212) 553-0377 or Duff Phelps at (312)
368-3157. Dont trust people who promise too many
things which seem too good to be true. Always be
cautious of the warning signs. - There are a lot of insurance companies like Axis
Capital Holdings group of companies which is
based in Bermuda and has several branches in
Europe, over 10 states in America, Singapore and
Jakarta, Indonesia that can be trusted to deliver
the best quality service in insurance and
reinsurance to you and your family. You can check
out our website to check which service best suite
your insurance needs.