Insurance fraud is a growing problem in the U.S., with the FBI estimating Americans lose $40 billion each year, and that's not even counting health insurance scams. A big portion of this comes from people selling bogus insurance, whether it's auto, life, or health insurance.
Scammers are coming up with craftier ways of tricking you out of your hard-earned dollars, which is why it's more important than ever to be diligent in protecting yourself from cons.
If it's too good to be true...
It is. Everyone's heard the saying before, but it doesn't always keep people from falling into scams that promise monstrous returns for little or no cost.
Yet this tried and true guideline is perhaps the most important thing to consider if you're going to protect yourself from insurance fraud. Reputable insurance companies are selling a service, and they should be upfront about all their products and services—your continued business depends on their honesty.
But a scammer is only interested in a short buck, and they'll promise you just about anything so that they can take the money and run.
Don't let anyone pressure you into buying insurance
You're not on any kind of a deadline to buy insurance, so don't let anyone act like you have to buy immediately without putting in the proper research.
Be especially cautious of door-to-door salespeople and telemarketers. They may not be trying to scam you, but if you insist on doing your research into their insurance company, you could save yourself a lot of heartache.
Knowledge is your best friend when it comes to buying insurance. If an insurance company doesn't provide you with all the resources you need in order to fully understand the process, then it's probably best not to do business with them.
Avalon Insurance is dedicated to providing you with all the information you need. Contact us today, and find out how we can offer you the health insurance you need.
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