Without even realizing it, you may find yourself being a victim of auto insurance fraud which can happen to anyone. In order to prevent this from happening, you must look out for a few signs that will quickly tell you to move on and look for insurance elsewhere. Being able to spot fraud will help ensure that you’re not involved in it because you’ll know better.
Believe it or not, there are people out there impersonating insurance brokers. These fraudsters have the experience and skills to make you feel like you’re dealing with a certified broker when you’re actually not. The best way to avoid this is to check that the insurance company you’re dealing with is licensed. That is the first thing you need to do because it will tell you a lot about the situation and whether or not they are a part of a legitimate company. Every province has regulations and a governing body under which insurance companies operate, so make sure your broker is following these rules and that they are fully certified. If you’re shopping around and comparing different quotes, make sure all of the brokers and agents that are quoting you are legitimate.
If you’re dealing with a fraudster they will most likely start off by offering you a better rate than what you’ve found, which will come at a price. Then, they’ll call an insurer and provide them with false information regarding your driving record so that they can obtain a better price for you. Of course, this better pricing is based on lies so if you were to get into an accident, the policy would not apply because the information the insurer has is inaccurate and does not properly reflect your record. This would result in your claim being denied, which is the worst thing that could happen after an accident, which is scary and stressful enough without having to worry about your insurance on top of it.
Canada Wide Vehicle Finance is a legitimate company that you can fully trust. Located in Winnipeg, they can help with vehicle financing and appraisal and even provide you with a car loan if you have bad credit. If you want to deal with a car loan company that will help you because they have your best interest at heart, contact Canada Wide Vehicle Finance today and put all of your worries aside!