Did you get scammed by Insurance fraud? Get help from us.

1. INSURANCE SCAM SITWELL FINANCIAL Company : Morgan Financial Recovery

2. ABOUT INSURANCE SCAM The fraudulent act committed by the buyer or seller of an insurance contract is called an Insurance Scam. Selling insurance policies from fake companies, giving false information in the application, faking death or murder to claim the money, etc., are all examples of Insurance Fraud. The scams in Insurance are committed for defrauding an insurance process. They occur when claimants attempt to obtain some benefit or advantage they are not supposed to or when the insurer will knowingly deny some due help.

3. TYPES OF INSURANCE SCAM Application Fraud Claims Fraud When information to the insurance company before applying for an insurance policy, it is called application fraud. you knowingly give wrong This fraud occurs when someone fakes their death or the death of their near and dear ones to collect life insurance benefits. Phony policy fraud: Forgery: The scammers pretend to be insurance agents and call the people. Then, they claim that they work in a well-reputed insurance company and convince people to buy their fake insurance policies. Forgery occurs when other parties, mainly someone from the family or spouse, access the policy and change its ownership or listed beneficiary.

4. AVOIDING INSURANCE SCAMS: 1. When an insurance agent comes to you, you must first demand their ID proof, make a note of their information and then call the insurer’s customer service number to verify their identity. An Insurance professional will never demand the payment of cash from you. You should never disclose the details of your insurance policy to an unauthorized third party as there is a high possibility of resulting in a scam of Insurance. Agents can always steal your id proofs and documents. So, to avoid any theft and insurance fraud charges, you must always be sure to give your id proofs and documents to well-reputed organizations. 2. 3. 4.

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