How to avoid car insurance fraud?
Are listed below. There are six simple ways to help you stay away from car insurance scams:
1. The fake insurance agent
Motor insurer is selling one of the business models by agents. These agents guide the entire policy features and the purchase process, such as explaining different clauses, including the list of inclusion and exclusions and claim settlement processes.
However, as this model gained popularity, the number of fake agents in time increased. It is recommended that when you buy a car online policy by an agent, you need to request that person to show his/her identity card or the contractor issued by the insured.
2. Get receipts
Always ask for a receipt when you buy a car insurance policy online or offline. This step is even more important if you buy a plan through an agent or third-party integration.
There may also be such examples when you receive an ovary with a receipt number after purchasing the Agriculture, but not a soft copy of your policy document. In such cases, it is best to visit the insured’s official website and use the receipt number or other details to check the policy of the policy. If you do not get any information, seek help from the Insured’s Consumer Support Draw. If the problem is not resolved, it is time to file an FIR.
3. QR method
From December 1, 2015, IRDAI (Insurance Regulatory and Development Authority) has ordered to issue a motor insurance document with all insured QR codes.
When you scan this QR code, your smartphone screen will display details of all policies such as validity, coverage details and information on add-on riders.
If your policy document is not a QR code or if QR is invalid, complain. Even if you find the details, it is recommended to cross the information directly on the insured’s official website.
4. Pay online
Paying on an online payment method gives you additional evidence of payment. So, if you give wrong receipt of your payment, you will have that record of that online transaction. And this allows you to track the date of your policy problem and get a copy if the original is in the wrong place. There are also many other ways to download the policy documents – the insured’s mobile application, official website and customer service email address to keep some names.
5. Read the fine print
Each insurer provides a detailed policy word on his product webpage. It is recommended that you read the fine print completely when you can understand the conditions you have covered and the claim request can be denied.
If a scam issued a coverage that offers genuine insurance companies on their website, it is a red flag. For example, be careful if an insured is offering a “Innovi to invoice” cover for a 10-year car on a pocket-friendly premium. Because such coverage is usually available as a rider for vehicles over three years of age or five years with some insured.
Car insurance fraud/scandal is a serious problem that can result in financial and legal consequences. However, giving information and taking some precautionary steps can save you from falling victim to such scams. Always verify the validity of your insurance provider by cross-check-up-by-policy-whatever you buy-you have obtained on the insured’s website.
Disclaimer: The above content is not invalid, and thereby rejects any and all guarantees through this, expressed or indicated, and not guaranteed, not supporting any material or essentially promised.
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