| Although there are many very honest and | | | | cover for things that they have no use for. For |
| excellent insurance companies and agents, there | | | | example, you might get some travel insurance |
| are also some who want to take away as much | | | | but end up paying £15 more for it because it |
| of your money as possible whilst giving you little | | | | includes extreme sports cover. Many insurers use |
| or no real cover. It is important that you know | | | | the technique of including everything that you |
| about some of the various insurance scams and | | | | may or may not need and hope that you won't |
| how to avoid them, as this will save you money | | | | query these items. Make sure that before you |
| and also give you the peace of mind that you are | | | | sign any agreement you look at what you are |
| covered should anything happen and you need to | | | | covered for, and if there are things you know |
| claim. | | | | that you don't need then get them removed. This |
| Misleading policies | | | | may help you get a lower price for your |
| Perhaps the biggest insurance scam to avoid is | | | | insurance. |
| being suckered into buying a policy that you don't | | | | Too much small print |
| really want or that does not give you what you | | | | Another way that insurers can trick you is by |
| have asked for. This sort of scam is often the | | | | putting the important issues of your insurance in |
| hardest to avoid, because it is not just a case of | | | | the smallest print possible. These insurers hope |
| people tricking you on purpose. You can also be | | | | that you will not read this small print or will |
| the victim of insurance sales people who simply | | | | overlook something that is making them extra |
| don't listen to your needs and don't have the right | | | | money or leaving you without cover. Again, check |
| expertise to help you. If you are offered a policy | | | | all of the clauses in the contract, especially the |
| but it seems confusing or not what you want, | | | | small print. If there is anything you don't like then |
| then don't sign for it. | | | | get it changed or do not sign. |
| Claims denied | | | | Insurance you don't know about |
| One problem that people find when they use a | | | | One of the most frequently used ploys is to sell |
| poor insurance company is that when they need | | | | you insurance that you don't even know you are |
| to claim back off their insurance their claim is | | | | paying for. This is usually done by lending |
| denied. Some insurance companies simply don't | | | | institutions that include payment protection |
| have the money to pay out your claim, and hope | | | | insurance in your loan payments without your |
| that you will never need to claim for such large | | | | explicit knowledge, meaning that you pay for |
| amounts. Before buying any type of insurance | | | | insurance that you might not want or even need. |
| make sure that you research the insurer and | | | | If you get a loan make sure you are not paying |
| confirm that they can and will pay out for eligible | | | | extra for insurance that you don't need. If you |
| claims. | | | | read through things carefully and seek good |
| Unnecessary clauses | | | | independent advice then you won't be caught out |
| One problem that many people have is that they | | | | by these insurance scams. |
| end up with an insurance policy that gives them | | | | |