In economic conditions like we’re seeing now, some unscrupulous people take advantage of a family’s need to save money. They offer “deals” that appear to be a money-saving solution. A very low rate might seem like a bargain, but there may be no benefits – even basic coverage – if the company is a fake or dishonest agent takes the money and runs.
In many cases, this is an example of “What seems too good to be true often is.” Phony home, health, life and auto insurance policies are typically offered at rates that are significantly lower than traditional market price.
If you’re shopping for insurance through an agent, you can visit our InsureMass website or call the Division of Insurance at (617) 521-7794, and we can confirm for you that the agent you’ve been working with is licensed to operate in Massachusetts.
If you’re not working with an agent, do your research. Make sure that the benefits and services being offered provide the coverage you and family require. Compare prices with other companies. If the price being quoted is significantly out of line with other companies, ask why. Better yet, contact the Division and ask us.
In this time of counting every dollar, it is tempting to jump on what might look like a good deal for insurance. But it’s important to remember that taking a shortcut when it comes to your insurance could prove to be a path to more trouble for you and your family.
May/June Scam Log Analysis posted on Jul 28
The Massachusetts Office of Consumer Affairs and Business Regulation compiles publicly-available scam, identity theft, and fraud complaints from around the Commonwealth via police logs and news outlets, as well as through the Office’s Consumer Information Hotline.
How to Combat Illegal Robocalls posted on Jul 25
Robocalls have become an all-too-common nuisance for consumers. Robocalls are unsolicited, pre-recorded phone calls, often scams, which are made to consumers without their permission, as opposed to calls solicited by the consumer, such as those from pharmacies and childrens’ schools. Robocalls are illegal in Massachusetts under M.G.L. c. 159C. While consumers can, and should, sign-up -for both the state and national Do-Not-Call lists, unfortunately this does not always stop many unscrupulous solicitors and scammers from making these calls.
Summary of the 2015 Consumer Federation of America Annual Consumer Complaint Survey posted on Jul 22
The Consumer Federation of America and the North American Consumer Protection Investigators recently released the results of the 2015 Consumer Complaint Survey. This report is based on consumer information, complaints, and suggestions for increased consumer protections from 33 consumer agencies in 21 states.