Learn to identify the most common car insurance scam

Trying to protect your vehicle and realize that you lost all the money you paid for the policy is certainly a nightmare that nobody wanted to live. And theft and scams are the order of the day, and the insurance industry is no exception.

There are thousands of people who have suffered scams

There are thousands of people who have suffered scams

There are thousands of people who have suffered scams when they tried to insure their car, either because they did not have the necessary information or because they fell into offers that are too true to be true.

Believe it or not, there are still people who manage to convince others of a false offer and end up taking their money. In the case of vehicle insurance, one of the most common scams has to with ‘unauthorized intermediaries’, that is, people who impersonate insurance brokers and who offer products such as SOAT or vehicle insurance with novel coverage or from abroad, without having any kind of control.

The intermediaries of a large company

The intermediaries of a large company

By presenting themselves as the intermediaries of a large company, citizens falling into the trap, believing that it is a reliable person and making the respective payments to access the incredible insurance. Just to realize that your money went to any account and never received what was promised.

On the other hand, another of the frauds has to do with offering coverage without having the economic solvency necessary to face an emergency. In this case, people acquire insurance, but when they are going to claim compensation, they find a thousand and one obstacles because the company does not have the required money.

So how to avoid this type of fraud?

So how to avoid this type of fraud?

Do not trust any company that is not authorized by the Superintendence of Banking and Insurance (SBS). One way to get the necessary information about reliable insurance companies is by using authorized web comparators, such as Mike Hammer’s.

Remember, the more informed you are, the harder it will be to fall for some kind of fraud.

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