Auto Insurance Sold Via Whatsapp Scam: How It Works
A scam is circulating these days regarding cut-rate auto insurance policy solicitations coming via Whatsapp. Crooks are trying to add legitimacy to their scheme by using names of legitimate companies. They pretend to be representatives of these well-known insurance agencies, whether in the USA, Canada, UK, or Australia.
Victims are receiving messages from these scammers which direct them a telephone number or an email address to contact for auto insurance well below the average. Once the victim has made contact, they are advised to pay their premium through an email money transfer service. Of course, they never receive paperwork or proof of coverage because there is no coverage.
One last case was reported in Canada, where Whatsapp scammers were claiming to sell auto insurance on behalf of DMW Insurance Ltd. and contacting victims via Whatsapp and providing them with a phone number and email address to call for cheap insurance.
The following email addresses and phone numbers have been used to perpetrate this scam: dmwinsurance@live.ca, dmwinsurancelimited@live.ca and (647) 719-4161, (416)-529-1424, (647) 837-3586. Victims were directed to pay their auto insurance premium via an email money transfer service.
DMW Insurance Ltd., a legitimate brokerage registered by the Registered Insurance Brokers of Ontario, has been hit by the same type of scam a few years ago. At the time, crooks used BBM (Blackberry Messenger).
Auto Insurance Sold Via Whatsapp Scam: How It Works
Never respond to a solicitation for auto insurance that makes promises of unbelievably low rates. You should also never pay your premiums for any type of insurance through an email money transfer service or in cash. These payment types are not considered to be an insurance industry standard method of payment. Most payments are made via check or credit card.
It is also worth nothing that consumers who purchase insurance from unlicensed agents are not protected under regulations that govern the licensed insurance companies and they will receive no protection under the Insurance Act either.
For the most secure auto insurance purchases, contact a authorized agent, and purchase your insurance through them.
Auto Insurance Sold Via Whatsapp Scam: How To Report
Warn your family and friends know about this auto insurance scam by sharing it on social media here. You can also officially report the scammers or any other questionable car related activity to the Federal Trade Commission using the link below:
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