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.
Unemployment Benefit Email Scam posted on Sep 19
If you are receiving unemployment benefits in Massachusetts, beware of emails from an out-of-state firm calling itself Unemployment Assist. The emails, with a subject line that reads: “ID Eligibility Requirement 1: Must be Available for Work” or “Verification Required: 2nd Request” request personally identifiable information, …Continue Reading Unemployment Benefit Email Scam
Avoiding Scams during an Election Year posted on Sep 16
The November elections are fast approaching and the Office of Consumer Affairs and Business Regulation is warning consumers about the risks of Election Season scams. Scams can include scammers posing as representatives of a political campaign soliciting donations; scammers posing as election officials looking …Continue Reading Avoiding Scams during an Election Year
The Skinny on Dietary Supplements posted on Sep 14
We’ve all seen the ads for weight-loss pills and other dietary supplements online, in our favorite magazines, and in television commercials. But what do consumers really know about this market? After a recent investigation by Consumer Reports into the supplement market, we put together some tips consumers should keep in mind.