Insurance Fraud

Insurance Fraud - Don't let Travel Insurance Fraud Ruin Your Life

Current info about Insurance Fraud is not always the easiest thing to locate. Fortunately, this report includes the latest Insurance Fraud info available.

The California Insurance Commissioner has ordered Trip Assured to stop wisdom business in the state of California. This Tennessee - based travel insurance company was apparently defrauding companies. But Trip Assured claims that what they were selling in California was not travel insurance. The Commissioner finds their claim understandable since what they were selling could easily fall into the insurance category or definition. Trip Assured 's main marketing target is senior citizens.

California decided to take action once notice was taken that other states like Michigan, Texas, Florida, also North Carolina were taking twin actions castigate Trip Assured. Upon fresh research, Trip Assured denied 30 claims prerogative California further learned were 76 claims filed against them ( in the last 36 months ) with the Better Business Bureau ( BBB ). However the BBB states that those claims were addressed by Trip Assured although those that filed the claims would not agree with that assessment of the situation. There are also other travel insurance companies that have claims filed against them which is unfortunate since the travel insurance industry is growing rapidly, especially for those expensive vacation trips. The BBB in Tennessee has now revoked their ( Trip Assured ) membership - you would think that would mean something since the company is based in Tennessee.

Here is an example from one of the claims made against Trip Assured. Sylvia Resnick is a senior citizen that booked a trip condign through herself to Europe as well as a cruise tempo in Europe. Coed purchased Trip Assured through her travel agency at the time of booking the trip.

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It had taken her a long time to save upgrowth for the vacation that was to be that trip of a lifetime. During the vacation, she suffered serious back injuries and had to cancel the travels. Whereas soon because she arrived home she saw her doctor and obtained a doctors note that stated that she could not continue with the trek due to the injury. As required by the policy she sent that note to Trip Assured expecting to be paid out under the terms of the agreement. It came as a total shock when they denied her claim and thus did not receipts her money.

There are two questions here. The first is why would an insurance company that is supposedly aimed at satisfying their clients put this senior citizen through this? The second debate is how could the BBB view this situation ( and situations nondiscriminatory like this ) as resulting in a satisfactory outcome?

Be very careful the next time you invest agency going insurance. Seeing those of you who have already purchased Trip Assured, you can contact their bank. It is First National Bank of Tennessee and the hotline cipher is 931 - 707 - 3561, but that hotline is only effective for MasterCard customers, but make clear nonetheless to see what non - MasterCard customers should do. Hours of operation are 6 am. to 2: 30 pm. Propitiatory Time. If you want to make a complaint, contact the tell Department of Insurance at 800 - 927 - 4357 or you can file a complaint online at http://www.insurance.ca.gov.

Hopefully the sections above have contributed to your understanding of Insurance Fraud. Share your new understanding about Insurance Fraud with others. They'll thank you for it.

by InsuranceEarth.com