Avoiding Fraud Insurance: If It Sounds Too Good To Be True, It Possibly Is

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Avoiding Fraud Insurance
If It Sounds Too Good To Be True, It Possibly Is
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• 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.

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• 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.

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• 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.

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Promises 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
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• Standard Poor's at [phone] Moody's at
  [phone] 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.