Insurance scams are becoming more common across Canada. From fake policies to bogus fees, scammers are fishing for credit card numbers and sensitive info. To help keep you safe, here is a quick breakdown of what to watch for and how to stay safe.

• Fake Insurance Agents: People posing as brokers who don't actually have the credentials or licenses to sell insurance.
• Phishing Emails/Texts: Messages that look exactly like they’re from a legitimate company but are designed to steal your data.
• "Too Good to be True" Offers: Any pitch offering "free" coverage or massive, unexpected refunds.

Red Flags to Watch For

• Unsolicited Contact: Random calls or messages offering insurance services.
• High-Pressure Tactics: Being told you have to act immediately to get a "limited time" deal.
• Below-Market Rates: Prices that are significantly lower than what any legitimate company would offer.
• Sketchy Payments: Requests for payment via gift cards or direct wire transfers.

5 Types of Insurance Fraud

1. Inflated Tow, Store & Dent: Dishonest shops overbilling for services, driving up premiums.
2. The Blank Form: Medical clinics asking claimants to sign a blank form, then billing the insurer for services that were never provided.
3. Staged Collisions: Drivers intentionally causing accidents to make it look like an innocent person is at fault.
4. Policy Misrepresentation: Providing false info, like a fake address or vehicle details, to get a lower rate.
5. Hot Cars: Selling stolen or unsafe vehicles that have been given a fake VIN.

How to Protect Yourself

• Verify Everything: Check insurance companies or brokers through official provincial regulators.
• Don’t Click Links: Avoid clicking links in unexpected emails or texts.
• Confirm Directly: Call the insurer directly to confirm coverage before paying.
• Never Sign Blank Forms: It’s a huge risk. Only sign completed insurance claim documents.
• Check the Details: Ensure you know exactly what is included in a final settlement.
• Watch the Data: Be very cautious when sharing information with third parties.

Report it!

If you suspect a scam, stop communicating with the person or company immediately. Report the incident to the Canadian Anti-Fraud Centre or local authorities.

Steers Insurance Has Your Back

Staying informed is the best way to keep things running smoothly. As your trusted local broker, Steers Insurance is here to help keep you safe.

Give us a call at 1-888-295-7474 or email us at hello@steersinsurance.com if you have questions.