Fake insurance: how to defend yourself?

The IVASS reports of sites that sell fake insurance are increasingly numerous. But it is possible to defend against this type of scam so as not to risk your assets.

They call it the “lockdown effect”, motorists who turn to digital channels because of the health emergency but who can run into capital fake insurance. Sites that are not licensed brokers or fake insurance company sites. And the risks for consumers are manifold. But you can defend yourself, let’s see how.

False insurance: the reports of IVASS

With the pandemic, consumers have moved en masse online for everyday activities, including choosing their third-party liability policy. , however, I multiplied the scams online.

L ‘ Ivass (Institute for the supervision of insurance), in fact, in 2020 had to report hundreds of illegal sites selling fake auto insurance, then cashing of cheated customers payments but leaving them with no insurance coverage, with all the consequences that they arise in terms of fines, vehicle seizures and compensation to be paid out of one’s pocket.

Antonella Dragotto, IVASS head of external relations, talks about a worrying escalation:

Between January and November, Ivass reported 230 irregular sites compared to 168 identified in 2019 and 150 in the 2017-2018 period. A growth that is of great concern because it leverages user behavior and vulnerabilities. The scam mainly affects the motor liability insurance sector because these are mandatory, are perceived as expensive, and are easy to buy via the web. The users who fall victim to it are citizens who try to save on the costs of the policy, often even young people, accustomed to surfing and interacting on the internet.

How to defend yourself from false insurance?

If you have decided to renew your third party liability insurance policy online, which we also highly recommend saving money, you must request a quote from:

  • authorized comparators, such as ours;
  • official websites of insurance companies.

The first thing you should pay attention to are the Internet addresses of the sites you consult: HTTPS (you can find it by looking at the address bar as you read it) provides a guarantee of security, while you must be wary of sites that simply start with HTTP ( without the “s”).

Secondly, you can check whether the comparator or insurance company you have chosen is authorized to carry out the activity for which you will pay it, by searching on the Ivass website or by calling the contact center at 800.486.661.

We then point out the first alarm bells that should make you suspicious and make you run to the Ivass website to make the necessary checks:

  • the site advertises the underwriting of policies via WhatsApp;
  • exchange of documents in the chat is requested;
  • the payment of the prizes must be done by reloading prepaid credit cards (which is, moreover, prohibited by law).

These are procedures that deprive the consumer of any protection.

Finally, unfortunately, many of the scam sites improperly use symbols of well-known insurance companies in some cases there is talk of authorization from Ivass itself (bogus) complete with a reference number. But as mentioned, the veracity of the statements that appear on the site can be checked at the Ivass.

Let’s go back to the words of Dragotto (Ivass), who recommends:

It is always prudent and advisable to request an official quote, which must be identified by a code assigned by the individual company, and to verify the consistency and correspondence of the data shown on the quote with those indicated on the website. And here, unfortunately, the poor insurance culture also comes into play, an issue on which Ivass is working hard to increase the awareness of users also towards these scams.

In short, you must be well informed and make the necessary checks before spending money and finding yourself having to pay high fines and damages out of your pocket.

  • So our first advice is: don’t be in a hurry, take the time to select the best offer for you and, before paying, check that you have turned to an authorized person.