Nowadays it’s crucial that you are completely safe from fake or bogus sellers who pretend that they are in the insurance business. If you are worried that when searching for an insurance provider you’ll land on a bogus seller, here are ways to protect yourself from falling into the hands of a crooked dealer whether you are transacting online or via a physical insurance office.
Verify if the insurer is officially registered
One of the safest approaches to ensure you only deal with a legitimate grader insurance provider is to verify if their name is registered. If the insurer confirms they are legitimate you can easily find their business name listed with insurance companies operating in your area. If you can’t even locate the insurer’s name in the local business directory, be on guard. You might end up transacting with an illegitimate insurer.
Review their insurance products
Another way to help you find a certified insurance company selling grader insurance policies is by reviewing their insurance products. For example, if you want to make sure the insurer sells special types of insurance policies for owners of equipment and machinery, ask if you can get a copy of all the insurance products they offer prospective clients. If the insurance company is eager to close a sale, they will conduct a formal presentation where you have the opportunity to learn more about the various insurance products to choose from.
Ask for proof
Don’t just rely on the insurer’s claim, ask for proof. A genuine insurer will have a business permit to operate as an insurance provider, references from past clients who bought insurance policies from them, as well as other legal documents that will confirm they are a legitimate insurer in your area.
Don’t be blinded by cheaper quotes
Before you get too drawn-in by an insurance provider’s cheaper quotes for your grader insurance policy, assess everything. Ask yourself, “How can they afford to offer this insurance policy at such a low cost?” If you feel it’s too good to be true, do more research so that you won’t fall into the hands of a bogus insurance provider, or find you pay more in the end due to hidden fees that the insurer did not disclose.
Read, read, read before you sign the contract
Yes, even if it means you have to read the proposed contract for your grader insurance policy several times, it’s important to take your time. You might miss something important that will affect your privileges as a policyholder. If you find some sections of the proposed contract to be misleading, request the insurer explains further.
Remain vigilant
Even if your final survey confirms that this particular insurance provider is a registered insurer in your area, remain vigilant. Don’t feel over confident that they will do everything to comply with your requests. Reserve some room for doubt and ensure you have every opportunity with your eyes wide open for any activity that could affect your grader insurance such as undertaking policy revisions without asking your permission.
Truck Insurance HQ are a team of friendly brokers that will make sure that you understand what your insurance policies cover and that you have the best cover to suit your needs. Don’t get caught out buying a Bogus Grader Insurance Policy! Call us today on 1300 815 344 to find out what we can do for you, or go online and request a quote.