Using the Internet to find great deals and new services are some of the core benefits of being connected. However, you must be careful not to believe everything you read just because you “Googled” it.
We have been made aware of several copycat websites that suggest that they offer shipping insurance and cargo insurance services. When we looked into these “services” we found that most of their website content was pulled directly from ours with a few words being changed. We even found a sample insurance certificate that mirrored our certificate verbiage almost verbatim. Not only that, the information listed on these sites was incorrect in most cases, and illegal in others. Also, we believe that these companies may not actually be licensed to sell insurance!
Please make sure to do a little extra research before putting your faith behind a website that claims to offer services.
Here are a few things to look for when shopping for shipping insurance:
- Who is the underlying underwriter?
- How long has the company or website been transacting insurance?
- What state(s) are they licensed in?
- This is easy to check. Google the state department of insurance website from which the company is domiciled. Once there, you should be able to find an option to check the status of a company. In California, the weblink is http://www.insurance.ca.gov/license-status
- Does the company have a physical location?
Doing a little research can save you money and heartache. Just imagine buying insurance for a package and then realizing there is no coverage because there was no company actually backing the transaction.