Insurance Companies Are Scams
On the fraud register insurance companies will share the names of the dishonest and given that the abi says there were more than 100 000 bogus or exaggerated home and car insurance claims last.
Insurance companies are scams. It s pretty simple really. Cfar coverage is not sold as a stand alone. A large percentage of homes built 100 years ago in urban or high density suburban areas sell for a fourth or less of replacement cost.
You pay them a lot of money to protect you should something happen like a car accident or you get sick. Insurance scams can happen to anyone at any time and you may not be able to avoid the situation. By cody johnston.
Top life insurance scams. While no area of insurance is immune a lot of the fraud is happening within annuities and life insurance. 20 60 years old 100 000 8 000 000 no.
How insurance companies legally scam you. If ever you need them they will do eve. This is a legitimate coverage type sold by travel insurance companies but it s sold as an add on to a base policy.
The key is protecting yourself against home warranty scams and working with reputable companies to ensure you get the coverage you want and need as a homeowner. In the auto insurance market for example the state s fraud bureau had more than 2 200 referrals most of them from insurers. Compare other life insurance companies.
Rest assured that you can find legitimate insurance companies that actively fight against fraud. Insurance scams are far too common often targeting seniors. However you can keep your eye out for warning signs such as unusual policy requirements or a stranger asking for sensitive information.