Counterfeiters are issuing insurance certificates an selling them as authentic policies in places where the concept of auto insurance is still relatively new Gary Sanchez Yankees Jersey , such as Kenya and other third-world countries. If you are looking for car insurance Montreal, you should do a comparison of quotes through an online comparison service.
Given the rampant corruption in some developing societies, it is not altogether inaccurate to assume that some consumers know they are purchasing fake certificates. This is especially the case where a certificate is necessary to show proof of insurance for legal or other reasons. And when corrupt police can be asked to overlook illegalities for the price of a simple lunch, it is often very cost-effective for consumers to purchase counterfeit certificates of insurance. In addition Troy Tulowitzki Yankees Jersey , when a motorist who is at fault produces a counterfeit certificate, his victim is led to believe that an insurance company will compensate him for the damages he sustained at the hands of his client, but in reality there will be no compensation at all.
Insurance companies, who are the greatest victims in this scam Mariano Rivera Yankees Jersey , have taken measures to prevent it. After all, their image suffers when a claim is submitted based on a bogus policy, and then rejected with an explanation that no insurance was ever issued to the supposed client. Consumers in developing markets are accustomed to being taken advantage of by corrupt officials and petty market traders, and they do not always understand that a legitimate insurance company would never engage in such behavior.
Therefore Alex Rodriguez Yankees Jersey , insurance companies need to educate the public regarding fake car insurance policies. First of all, holograms and other security measures must be added to legitimate documents. A better system of sales, where only authorized brokers handle sales of legitimate policies as is the case in more mature markets, is also advisable. And insurers need to publicize the differences between the appearances of phony and legitimate documents Mickey Mantle Yankees Jersey , so that consumers know the difference and know to deal only with authorized agents for their insurance products.
Insurance companies should not bear the brunt of rooting out this scam alone, but sadly, governments have their own corruption issues and may not have the budgets or inclinations to deal with this type of insurance fraud. And as long as individual law enforcement officers and bureaucrats can be suborned, government enforcement of anti-fraud laws means little.
As far as legitimate consumers are concerned Babe Ruth Yankees Jersey , “buyer beware” and “a miser pays twice” are the key phrases to keep in mind when offered extremely low prices on car insurance. Consumers should deal direct with known insurance companies, or if that is not possible, it is advised to call or otherwise contact the insurance company to verify an offer or to find out what to look for in terms of the appearance of legitimate documents versus that of fakes.
Selling a fake car insurance policy is as unethical as trading real money for counterfeit money. Just as governments protect their currencies, so Derek Jeter Yankees Jersey , too, must insurers take measures to protect their products and their image against fraudulent insurance documents.
Financial success depends on your short-term and long-term financial blueprint. Reducing your monthly charges on your automobile is easy if you compare quotes online for assurance auto.
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