When Insurance Is A Disaster
The number of insurance agents who commit fraud against policy holders is growing. It’s a simple matter of collecting premium with no intention of paying any claims that arise. Insurance regulators across the country are warning consumers to be on their guard. One of the most common ploys is to offer seemingly great coverage at below market prices. People are being warned to be on guard against door to door insurance selling, high pressure sales tactics and TV advertising that involves toll-free numbers.
Collecting premium and not forwarding them to the insurance companies is another common tactic. As is misleading people by promising them full benefit health insurance coverage but delivering only a basic policy with the minimum coverage. Not having the insurance protection you need is bad enough but thinking you are protected when you are not can be disastrous. The issuing of fake policies is becoming more common and is sneaking unwanted coverage into a policy to boost commissions. Insurance experts also warn of agents who ask for cash payments and avoid giving receipts. This makes pocketing the money very easy.
The bottom line is that any offer that sounds too good to be true probably is. That’s why contacting Allied Brokers for your insurance needs is such a good idea. With 50 years of experience in meeting the insurance needs of the Bay Area and a reputation of integrity and client service, this is a company you can trust, to steer you in the right direction. With a focus on building long term relationships and representing the leading insurance companies of the country, Allied Brokers does not just sell insurance; it offers its clients the protection they need to secure themselves, their families, their businesses and their futures. Health insurance, business insurance, life insurance, auto insurance, home insurance – Allied Brokers will help you find and get the type of insurance coverage that is right for you. Go to http://www.alliedbrokers.com/ to find out more. Or call (650) 328-1000. It’s the safest way to stay safe – in every way.
Content sourced from: http://community.nasdaq.com/News/2011-05/how-dishonest-insurance-agents-leave-a-path-of-destruction(2).aspx?storyid=74224
Collecting premium and not forwarding them to the insurance companies is another common tactic. As is misleading people by promising them full benefit health insurance coverage but delivering only a basic policy with the minimum coverage. Not having the insurance protection you need is bad enough but thinking you are protected when you are not can be disastrous. The issuing of fake policies is becoming more common and is sneaking unwanted coverage into a policy to boost commissions. Insurance experts also warn of agents who ask for cash payments and avoid giving receipts. This makes pocketing the money very easy.
The bottom line is that any offer that sounds too good to be true probably is. That’s why contacting Allied Brokers for your insurance needs is such a good idea. With 50 years of experience in meeting the insurance needs of the Bay Area and a reputation of integrity and client service, this is a company you can trust, to steer you in the right direction. With a focus on building long term relationships and representing the leading insurance companies of the country, Allied Brokers does not just sell insurance; it offers its clients the protection they need to secure themselves, their families, their businesses and their futures. Health insurance, business insurance, life insurance, auto insurance, home insurance – Allied Brokers will help you find and get the type of insurance coverage that is right for you. Go to http://www.alliedbrokers.com/ to find out more. Or call (650) 328-1000. It’s the safest way to stay safe – in every way.
Content sourced from: http://community.nasdaq.com/News/2011-05/how-dishonest-insurance-agents-leave-a-path-of-destruction(2).aspx?storyid=74224
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