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A variation of this scam occurs in countries where insurance premiums are generally tied to a bonus–malus rating: the con artist will offer to avoid an insurance claim, settling instead for a cash compensation. Thus, the con artist is able to evade a professional damage assessment, and get an untraceable payment in exchange for sparing the ...
Ayrial might be better off switching car insurance companies — here's why. Read more: Thanks to Jeff Bezos, you can now use $100 to cash in on prime real estate — without the headache of being ...
Insurance fraud refers to any intentional act committed to deceive or mislead an insurance company during the application or claims process, or the wrongful denial of a legitimate claim by an insurance company. It occurs when a claimant knowingly attempts to obtain a benefit or advantage they are not entitled to receive, or when an insurer ...
‘Car insurance is a scam’: Frustrated driver slams GEICO for 56% rate hike after she failed to read the ‘fine print’ on her policy Bethan Moorcraft April 13, 2024 at 2:58 AM
If an insurance company sends you a nonrenewal notice or rejects your application for a new policy, United Policyholders offers the following consumer tips: Ask in writing to show you the specific ...
Homeowners across the U.S. are being targeted in a sophisticated scam in which callers pose as mortgage lenders to defraud people out of hundreds of thousands of dollars, ...
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