Beware Of Phantom Insurance

Phantom Insurance

Automobile insurance is one of those things that suck the fun out of owning and driving a car. Depending on the age of the car, where it’s garaged, and how often it’s driven, the premiums can be a huge pain. Add to this the extra burden of younger drivers, who are considered a greater accident risk and consequently have larger premiums, and the cost of that nice leisurely drive starts getting out of control. Then of course, there are deductibles, optional coverage, all of those extras that make life worth…

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U.K. regulators claim aggregators putting consumers at risk

Insurance regulators in the United Kingdom have found some problems with several online insurance quote aggregators, raising concerns as to whether the companies responsible for these websites were treating customers fairly. The Financial Services Authority has found instances of compliance failure with websites dealing in home and auto insurance. The regulatory group has been reviewing this particular sector of the insurance industry for several months now in an attempt to curtail fraud. So far, 19 companies have been found as failing to adhere to regulatory rules. Investigators reportedly discovered failures…

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