Guthrie
Insurance
Blog

Alleged Auto Insurance Scam – RIBO warning

Global Administrator

The Registered Insurance Brokers of Ontario (RIBO) is warning of an alleged automobile insurance scam.

A newspaper ad advertising auto insurance with a 1-800 contact number has been placed in several Ontario city newspapers, a RIBO release says.

Typically, the perpetrators of the scheme place the newspaper ads for about a week and then move onto another city and newspaper using a different "1-800" number and a new business name.

So far, names have included Arthur and Son, Interprovincial, Smith and Son and Addison, said RIBO. When the victim phones the 1-800 number, they are directed to send the insurance premium by Western Union. The victim does not receive any policy and if they call the "1-800" number, it is out of service. No valid insurance coverage has been placed, RIBO continued. RIBO has received a number of calls recently from people who have been caught in the automobile insurance scam.

"People should exercise caution when purchasing their insurance and make certain they are dealing with a legitimate insurance broker or agent," RIBO said.

Anybody who might have been caught in the scam is asked to contact RIBO.

Check out the original article HERE

Sincerely

The Insurance Advisors @ Guthrie Insurance Brokers Ltd

Toronto – (416) -487-5200 – Richmond Hill – (905) 313-8481

info@guthrieinsurance.com

E & O E

Proud to be associated with