Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

The Basic Steps to Avoid Insurance Fraud

By Mark Bennett Subscribe to RSS | March 22nd 2012 | Views:

Insurance fraud is quite becoming common nowadays. It is not that all insurance companies follow this kind of fraudulent crime, but there are some who do so. You can almost say that it has become a part of the insurance industry and is an unavoidable thing. As a conscious insured individual there are various steps that you can take to avoid getting trapped by fraud insurance companies. Let us check some of them

Purchase Insurance Policy

The first thing that you always need to do is never purchase the first insurance policy that you see. Never buy an insurance policy instantly. Always conduct some extensive research and compare the various insurance policies that are available in the market. Just like how you would compare the different commodities available in the market while buying food, electronic items, etc. Also take time to review the rates, features, and types of insurance of various companies.

Review the Insurance Company

Always make sure you know a lot about insurance companies before you select an insurance policy. You have to review the background and reputation of the insurance company or the agent. Try to find out how long the company has been in business, who are the potential customer, check the reviews of the customers who took the insurance policy from them, etc. Besides that you need to verify the license of the insurance company or its agent.

Authorized Insurance Agents

It is very important to purchase insurance policies from authorized insurance agents and companies. Unauthorized insurance companies are illegal and a great threat as they will leave the policyholder without any insurance coverage. So in short, it means that you will be completely unprotected when you submit an insurance claim.

Method of Payment

Be very particular about the way you may payment for your premium. Try to avoid paying by cash. You could choose money order or check to pay for your insurance premium so that there is a valid record. Also always make sure to get the receipt that proves that you have made the payment. It would be good if you pay the premium directly to the insurance company rather than through an agent.

Insurance Application

Try to keep this important point in your mind i.e. read the offer document very carefully. Take your own time and check the entire clauses and rules that are there in the insurance application. Pay attention to the minute details, as even one small error can cause a huge problem later on. Besides that, make sure not to sign any blank application form or blank forms.

Be Honest

This is a thing that you need to watch out for. Be honest while answering or filling the application form. If you in case submit false information, it can lead to serious consequences. Your insurance policy will be revoked, leaving you with no insurance policy and protection. To make matters worse, you could be heavily fined and even prosecuted for giving false information. Make sure to never allow an insurance agent or agency to convince you to file false data.

Copy of Insurance Policy

The important thing that you need to do is try to request a copy of the entire insurance policy from the insurance agent or company. It is important that you do so within the reasonable time period. If you don't receive a copy of the policy first contact your insurance agent and then the Department of Insurance in your jurisdiction. Also make sure to retain all the copies of the insurance document and the premium payment for the future reference.

In short, insurance fraud is becoming a common crime that some of the insurance agents and companies are following. Whenever you log on to your cable TV or fast speed internet connection that most of the service providers like ATT Uverse are providing; you are bound to see many cases regarding insurance fraud. So whenever you opt for any insurance premium, refer the above given points to choose the best and the safest insurance policy.

Mark Bennett - About Author:
Being a freelance writer and active blogger, Mark likes to share his thoughts with the rest of the world and to sources out some great services that of ATT Uverse. According to him insurance fraud is becoming common nowadays and people need to be more aware of such it.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Insurance Articles Subscribe to RSS

Car insurance quotes have real importance in buying car insurance
Published by Stevediaz on April 19th 2012 | Insurance
As the need of car is increasing day by day similarly the insurance policies is also demanded by mos...
Plan your business insurance cover to acquire solid defense
Published by Andrew Edwards on March 19th 2012 | Insurance
In addition to expenses made on maintenance of the workings, we also need proper planning in terms o...
How can medical insurance companies prove helpful in improving the medical insurance condition in India?
Published by John Smith on March 5th 2012 | Insurance
The current condition of health insurance of India is not good enough. People are still deprived of ...
Don’t dare drive in Massachusetts without auto insurance
Published by Autoinsurances on January 14th 2012 | Insurance
It’s important to acquire auto insurance Massachusetts if you are intending to drive your automobi...
General and special coverage with commercial insurance
Published by Andrew Edwards on March 2nd 2012 | Insurance
Safe business is prime requirement for us; it gives us plenty of advantages which can be utilized...
All new drivers should be conversant with laws regarding auto insurance!
Published by Jerry on March 10th 2012 | Insurance
When you are a first time car owner or buyer, there are usually many things that you may need to edu...
Vauxhall Corsa Insurance gives you best insurance
Published by Ahmadgill on January 26th 2012 | Insurance
Now a day our company is committed in giving you cheap insurance and cutting rates on Vauxhall Corsa...
Fast tips and advices related to auto insurance
Published by Jerry on March 13th 2012 | Insurance
Insurance refers to a specific type of management that compensates the loss of a valuable asset. Th...
Affordable medical insurance
Published by Lessardcasey on November 30th 2011 | Insurance
When one is in search of a low cost private individual health insurance plan, where does one go? A h...
Extraordinary advantages of winter sports insurance for sports enthusiasts
Published by Marry James on February 27th 2012 | Insurance
It is so surprising to know that there is insurance for anything and everything in this world. Thoug...
Inexpensive health insurance procedure
Published by Lessardcasey on March 28th 2012 | Insurance offers Inexpensive Health Insurance rates for most Americans by allowing...
Operational liability affairs unravel by commercial general liability insurance
Published by Andrew Edwards on March 21st 2012 | Insurance
Here we are going to make the decision on commercial level plans which are making it possible...
Terms associated with commercial liability insurance
Published by Andrew Edwards on January 14th 2012 | Insurance
Anyone running a business knows importance of commercial liability insurance...
How to find auto insurance
Published by Phil Richard on January 25th 2012 | Insurance
Whether we see it from the safety point of view or take it as a compulsion by law it’s must to get...
Car insurance comparison site – best way to find cheap car insurance
Published by Jameshaven on March 16th 2012 | Insurance
Anybody who purchases or drives a car will require car insurance coverage. If you do not have insura...
Things to remember about cheap car insurance
Published by Robmichae on March 2nd 2012 | Insurance
Car insurance might not be important for you but it is very important thing for your car. As you go ...
Benefits of getting insurance policy specially when working abroad in search of earning and job
Published by Andy Robert on December 22nd 2011 | Insurance
Although the insurance policy might look expensive at first sight but the in-fact insurance policy i...
Getting best deals on cheap auto insurance in Nevada
Published by Alabamaauto Insurances on January 17th 2012 | Finance
There are hundreds of resources that can help you to win that much desired cheap auto insurance in N...
How to find cheaper van insurance quotes
Published by Robmarshall on April 17th 2012 | Insurance
No matter for what purpose you own a van whether for a commercial or personal use, an individual has...
A preliminary understanding Connected with Car insurance policy Benefits
Published by Shyam Singh on February 23rd 2012 | Insurance
A lot more gas mileage people get, the greater these premiums on the insurance policy will likely be...