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How To Avoid Insurance Scams


July 3 - It's an unfortunate truth that the majority of insurance scams begin with unscrupulous and unethical insurance agents. Not all insurance agents are dishonest by any means, but if you're going to get ripped off with your insurance chances are it will be by an insurance broker.

The easiest way to avoid all this unpleasantness is by following the old adage: "Prevention is better than cure". We cannot stop these guys from preying upon gullible suckers, but we can stop ourselves from becoming a target. Take your insurance into your own hands and don't use a middleman in the first place. Avoid dealing with insurance agents and deal only with reputable, big insurance companies that allow you to contact them directly.

You are smart enough, savvy enough, and informed enough to contact Dial Direct or 1st For Women and sort out your own car insurance or home insurance. You can even contact 1st For Life and buy life insurance directly without an agent.

Keep in mind that agents have access to tons of personal information about their clients. They are in a position of great trust, and a few bad apples are always willing to abuse and exploit that trust.

If you do use an insurance agent please don't let him convince you to invest your assets with him - you're better off dealing with a financial advisor or planner who will probably have better qualification anyway.



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3/14/2010 7:06:26 AM
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Sunday, March 14, 2010

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