Don't Let Insurance Companies Scam You Out Of Your Hard Earned Money
It's no secret that insurance companies are a common target for scammers. But how can you protect yourself and your finances? In this article, we'll explore the main factors to watch out for and provide tips on how to avoid being scammed.
Red Flags To Watch Out For
- Unsolicited calls or emails asking you to pay premiums or claims
- Inconsistencies in the insurance company's website or policy documents
- Pressure to make a decision on the spot without reviewing your options
- $0 premiums that seem too good to be true
What To Do If You're Being Scammed
If you suspect an insurance scam, don't panic. Here's what you can do:
- Don't pay anything: This is the most obvious step. Legitimate insurance companies won't ask for money unless it's a legitimate claim.
- Report the incident to your state insurance department or the Federal Trade Commission (FTC)
- Seek advice from a financial advisor or a lawyer specializing in insurance law