Are you purchasing a new home? Great! But have you thought about the insurance that needs to be bought with it too? Insurance frauds and scams are a real and growing issue now, and fraudsters find new ways to gain benefits from simple customers like you. So, to help you find the best home insurance quotes in Ontario online, My Insurance Broker has come up with the perfect tips and guidance that can help you purchase the best insurance plan for your new home. Let’s discuss some of them.
Beware of fraud Insurance Brokers
Before discussing essential tips and tricks, one thing that is least expected from you is that you are NOT dealing with a ‘ghost broker’ or a ‘ghost insurance professional.’ They are very common these days. By missing out on certain particulars of an insurance process, you can surely end up in a variety of issues these days.
An insurance broker who’s not authorized to sell you a license is considered a potential threat that you should try to avoid at all times. He/she might lead you to waste your hard-earned money, unknowingly supporting malicious criminal activities or even a big loss in the insurance coverage process.
Policies Should Not be ‘Way Too Good.’
If you’re dealing with an insurance broker, you should first do a little policy research work of your own before signing with anything. To attract new customers towards their scams and frauds, they create a supremely attractive kind of insurance deal that blindfolds the customer’s thinking process, and the customer quickly tends to fall into their traps. So the policies that appear too good thoroughly need to be cross-checked again and again to avoid any mishappening.
The best way through this is by cross-checking the same policy conditions or quotes with some other broker. Not all the deals that a broker offers can be considered a scam, but it is better and beneficial to cross-check the same to be more satisfied.
If a broker or insurance professional asks for a fee at the time of quote, then it is undoubtedly a sign to stop the deal right there. This is considered one of the most common scenarios that are associated with an insurance scam. With the help of this practice, they want to get complete information and money from you as soon as possible and use it against you in the future. An ideal insurance broker would gladly offer you home insurance quotes in Ontario online without asking for any extra money and would also let you know about the latest trends and policy changes that would benefit you in much more ways.
The payment process should be Transparent.
If your insurance broker is getting particular about making the payment process in cash or if he’s forcing you to go for a cash payment rather than an online transaction, then you might have a reason to reconsider him right away. Insurance professionals who are not having any negative intentions would never question the payment process. Instead, they will be much more considerate about being 100% transparent in the process and forcing you to make a safe and secure online transaction that will have a safe record. No authorized insurance professional would have limited payment options available to him. So, if you come across anything like that, then indeed, there’s something wrong with the broker.
We certainly hope that the above tips might help you in numerous ways not to get involved in any scams or fraud home insurance quotes in Ontario online. Many Insurance companies provide some professional assistance in the home insurance process at super affordable prices. The experience they have in the field and the certified professionals they hire, make them one of the best insurance firms to go for in Ontario.