Is it Safe to Buy Motor Insurance Online?
Security is a major concern for most people these days when it comes to making online transactions. The good news is that it is safe to buy motor insurance online.
However, to be on the safe side, it is always best to read all the features offered before purchasing an insurance plan online. Also, as a good practice, read motor insurance reviews of other policyholders and their take on the policy as well as their experience using an online insurance platform.
What are the Red Flags to Look for While Purchasing Motor Vehicle Insurance Online?
There are a few red flags that policyholders should look at before purchasing motor vehicle insurance online. Some of the points to remember include:
Cross-check with the insurer.
Always ask for a receipt.
- Check the signature on the policy.
Counterfeit offers are quite common phishing scams where the policyholder can be tricked into disclosing bank details. To ascertain the authenticity of the communication, it is best to get in touch with the insurer and clarify whether the offer is genuine or not.
Another aspect that one should be mindful of is whether the information on the website is accurate or not. Always cross-check the information if there are discrepancies and only then purchase a policy or renew it.
As a good practice, always ask for a receipt for any transaction made and keep a record of it, just to be on the safe side. Additionally, always check the signature and never allow someone else to sign on your behalf.
Keeping these aspects in mind will help policyholders protect themselves from fraud and deter potential attempts of data or identity theft.