'Cheaper' insurance schemes on social media could be fake, warn firms

social media scams

In recent times, insurance scams proliferate on social media platforms, offering unrealistically cheap premiums. Victims like Syeed share cautionary tales of fraudulent schemes, emphasizing the importance of verifying sources and avoiding suspiciously low-priced offers. Insurance brokerage firms warn of scammers manipulating documents and advertising deceptive deals. Experts stress the significance of purchasing insurance from licensed entities and conducting thorough checks to authenticate policies. They advise scrutinizing premiums, verifying the legitimacy of sellers, and ensuring physical office locations for credibility. Ultimately, vigilance and discernment are vital to avoid falling prey to these fraudulent practices.