Medicare Supplement – Insurance Quotes

In business dealings there is a measure of trust between the business and the customer, and this trust needs to be maintained in order for business to take place, because no one wants to do business with someone they do not trust. This implied trust is what makes business work and what also makes it easy for less than honest people to take your money. Be sure you look very carefully at cheap insurance quotes and that you are not taken in by the low payment. Make sure that the policy will give you the coverage you need or you could find that a cheap policy could turn very expensive.

As with most businesses these days, competition in the insurance business is tough and you need to be on the lookout for companies and agents that are using dishonest tactics to get your money. You need to know that the company providing you coverage and the company selling you a policy may not be one and the same. This is not a ‘buy here , pay here’ business, so the people you have to deal with once you sign a policy may be completely different than the agent who sold it to you. It is always a good idea to investigate all the companies who service your potential insurance policy with the Better Business Bureau (BBB) for complaints.

Now, don’t get me wrong here. There are a lot of insurance companies and insurance agents who do provide good, honest service and have you, the customer in mind, but there are also people who are driven by greed and will use shady, dishonest and unethical techniques just to take your money. One of the ways these people will draw you in is with a dramatically low insurance quote, which they get by applying every available discount, even the ones you don’t qualify for. When the policy is written, the discounts that you are not eligible for are not applied and your payment is significantly higher than the quote. Your old insurance is canceled, the policy is written and they are counting on you just paying and staying. Usually, they will blame you for not qualifying for the discounts, which many will just accept.

You are taken in by the low quote and the plan is that once your old policy is canceled, your old insurance company will not want to take you back, so in order to keep your coverage you are stuck paying them a whole lot more money than you had originally thought. When the technique is analyzed, it is a completely dishonest way of doing business, but it works or they wouldn’t do it. You have become their customer by default.

Chances are, if it looks too good to be true it probably is. Check any quotes you get very closely for things such as extreme deductibles and discounts for things which you aren’t eligible to get. Examples of these types of discounts might be a multiple policy discount, which you don’t have, or a good driver discount and you know you got a speeding ticket last year. Look for these kind of warning signs when you look at an insurance quote and if you see this kind of unethical practice, then immediately cross this company off your list and get a quote somewhere else.

Susan Reynolds is the content coordinator for a leading South African Insurance Provider who specialises in Providing Online Insurance Quote.

Tags: Car Insurance, Finance, Household Insurance, Insurance, Life Insurance, money, Personal Finance

This entry was posted on Tuesday, March 16th, 2010 at 7:44 am and is filed under Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.