Be on the Alert for These Insurance Scams

Knowing what to watch for can help you avoid falling victim to the most common insurance scams.
Be on the Alert for These Insurance Scams
Hang up when anything seems fishy. BestForBest/Shutterstock
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Let’s face it—insurance is already one of those necessary evils, like flossing or assembling IKEA furniture. You pay for it, you hope you never have to use it, and when you do, you cross your fingers and hope the process isn’t as painful as stepping on a LEGO. But just when you think you’ve got it all figured out, scammers show up with their trickery, ready to part you from your hard-earned cash faster than you can say “deductible.”

Here’s the good news: Knowing what to watch for can help you avoid falling victim to the most common insurance scams. Let’s break them down, one shady scheme at a time.

The Fake Insurance Provider Scam

You’re scrolling online, minding your business, when you see an insurance deal that seems too good to be true. Low premiums, full coverage, and “instant approval.” Sounds great, right? Until you file a claim and realize the company doesn’t actually exist.
Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2022 CREATORS.COM