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Thursday, June 30, 2011

No always the "cheap insurance" is the Best!

Every day I have clients that claim they are paying really low premiums for their insurances, and sometimes it becomes very suspicious to me.  Since, I am an independent Insurance agent I could check prices and compare rates for any kind of insurance from not only one company but several: therefore, when I find a client with a policy paying half on a policy of what I can find for him always make me questions how this could be possible.

This is something I found in Business Journal

Three insurance agency employees have been arrested in Florida for allegedly stealing thousands of dollars in auto premiums.
Bella Jenkins, Torrance Blake and David Bell, who were employees of the Temple Terrace-based Insurance Plus, were charged with committing insurance fraud and selling insurance without a license, according to Florida Chief Financial Officer Jeff Atwater.
The state’s Division of Insurance Fraud said it began its investigation of Insurance Plus in August 2010 after receiving complaints that customers were given automobile insurance coverage quotes by phone only to have the price for the coverage inflated by the time of the purchase. Officials said customers paid the additional money and left the agency believing that they had insurance coverage with either Kingsway Amigo or Security National Insurance.
The customers later learned they had no coverage when pulled over for traffic violations or by receiving notices from the Florida Department of Highway Safety and Motor Vehicles advising them they needed to purchase coverage in order to comply with the law. The victims stated that the owner of the business, Bella Jenkins, a licensed insurance agent, was not present when they went to Insurance Plus, but that Ball and Blake both conducted business despite having no license, officials said.
If convicted, each of the suspects face up to five years in prison per charge.

Remember not always the cheap insurance is the best! Sometimes is not even real.

Contact me for more information
www.es-insurance.com

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