Reader’s Question:

How will I know if my local auto insurance agent is legit?

Marie

El Paso, TX

Faulty insurance claims have been very rampant in the last ten years. Millions of dollars are lost from auto insurance companies because of this. And if you think that you are not affected in any way, then think again. Auto insurance payments soar every single year as companies offset their financial losses after getting defrauded.

And that is why we should take the extra precaution to protect ourselves from insurance fraud. Firstly, investigate on the licensing status of your local auto insurance agent by calling the Texas Insurance Commissioner’s office. Provide them with the name and license number of the agent. Once you have verified this, remember that paying for your auto insurance policy should be made through money order or check. And the policy should be delivered after a reasonable amount of days from purchase. Be sure to report if you have not received a copy of the policy after a week. When behind the wheel, be defensive and safe in driving to avoid getting into accidents. The most common insurance fraud is done by staging a car accident. If you do get into one, be wary about individuals contacting you to suggest a specific lawyer, medical clinic or doctor as they may be a part of a larger insurance fraud ring.