The acquisition of an insurance policy should not be a task that is left to chance. When you are going to purchase an insurance policy, either because you have to comply with a legal requirement, as is the case of car insurance, or because you want to be forewarned against unforeseen events such as accidents and illnesses in the case of life insurance or medical expenses insurance, it is absolutely necessary to corroborate that you are acquiring a reliable product.
Unfortunately, the insurance industry is not free from those who want to take advantage of people’s needs and sell them insurance that has no official validity and therefore they will never be able to use it.
It is natural that when selecting an insurance policy the first thing we do is to review the costs, and that part of our decision is based on the price we are going to pay. While it is true that it is an important factor, it does not have to be the only one we consider. Remember that insurance is an investment, not an expense.
And the price is precisely one of the main warning factors to identify fraudulent insurance. Invalid insurances usually offer very affordable policies compared to the rest of those offered in the market. This may be attractive to many people, but if you are offered such a cheap insurance it is best to start suspecting that something does not look right.
Carlos Figueroa Rodríguez, attorney at law at Lex & Co. He has more than 10 years of experience in specialized cases involving insurance claims and medical malpractice. He is a graduate of the Universidad Anáhuac and has a Master’s Degree in Constitutional Law and Amparo from the National Bar Association. He also has a Doctorate in Juridical Sciences from the UCI Mexico. Professional license 6577215.