How to check the department of Insurance

The department or the office of insurance company is necessary to check for the authentication. But Question is what exactly should be checked? The interior? The site? Or the decoration? The answer is: none of these. The things for which the department or office of insurance should be checked are its license, credentials and credibility. It is legal requirement for every insurance company to have updated license for continuing their business. Without the license of insurance, they cannot practice and insure anyone. If the company of insurance is not licensed, there are chances that they may run away with the money and will not pay any claims.

To avoid becoming a victim of fake insurance agencies, the first and most important thing to discuss with the insurer is the credentials and license of insurance companies. Ask them where they are registered, what are their ratings, their financial status and about their head office. Don’t completely rely on the given information. Confirm everything on your own through the internet or by calling them. If it’s easy, policy seekers can visit the office or site of license issuing authorities for confirmation. It is of no use to cry over spilt milk; first research and then invest.

It is recommended to check for any associated company. At times insurers claim their association with big companies as their insurers or sister concern. In both the cases, check it out yourself. The internet is loaded with such information which can be checked anytime. The affiliation and certification of insurance company with reliable bodies, increases its credibility.

Don’t believe in anything unless you confirm it yourself. Just to sell the policy, agents of insurance companies do not hesitate in lying. They exaggerate their benefits, play with the technical jargons and manipulate the facts. For their commission they try to present crow as a pigeon. No matter in how much hurry a policy seeker is, he should not let anyone cheat him.

It is good for the policy holder to stay up to date regarding their policy of insurance and the company of insurance. This will help the policy holder to handle any problem and any change in company’s status and its management policies. Policy holders are the stakeholders in an insurance company and they should know what company is going through. Keep reviewing the policy and its benefits.

Don’t believe on any verbal commitment. If the agent of an insurance company is assuring the policy buyer about anything in verbal, he should not be trusted. Ask him to provide what he is committing it in written. Verbal commitments are easy to deny but written commitments will not let the person to step back. At least for once, pay the visit to the company’s office and review each and every document carefully. If the insurer is honest, he will not deny to any of the above mentioned demands and confirmation. Instead, he will try to provide some proof for the company’s credibility and valid licensing. Confirmation of the provided information is the ultimate right of the buyer.