Access Insurance Accusations - What they Mean and What Policyholders Should Do
In an investigation held by the California Department of Insurance on March 13, 2018, the department found several grievous violations made by Access Insurance. The number of law-breaking allegations found, is rather astounding. The fraudulent insurer was accused of "not carrying out contracts in good faith." According to the Department's report, the allegations range from failing to settle liabilities, failing to advise consumers of benefits, deceptive strategies utilized to avoid paying a claim, as well as lying to their policyholders.
|Allegations and Penalties|
|Reasons like this could cost the insurance company up to $10,000 per allegation. With over 44 accusations being held against Access Insurance, the fraudulent company is on even thinner ice. Apart from these allegations, the Department made another report, claiming Access Insurance had failed to pay over millions of dollars in taxes, as well as penalties. To top it all off, a liquidation order was issued by the Texas Department of Insurance. The overall effect of this situation has left consumers in utter dismay.|
|Consumer Safety, A Top Priority|
|Consumers who currently insure with Access Insurance are recommended to switch to another insurance provider immediately. The deadline for Access Insurance’s termination falls on April 12, 2018. Insurance Commissioner, Dave Jones, had assured consumers to not lose faith in the department’s decision, as equality and fair insurance to consumers remains a top priority. Current Access Insurance policyholders must be vigilant, as well as in the search of another insurance provider.|
|For Current Policyholders|
|If you are enrolled with Access, you need to take a few important steps. For those who have recently submitted a claim to Access, should be aware that the insurance company won’t actually be handling your claim directly. Instead, the California Insurance Guarantee Association (CIGA) will review your claim. CIGA should provide you with a deadline for when your policy with them will be completely terminated. Should you need to contact them, you can find their information on their website. If you do NOT live in California, don't fret. Your state's guaranty association will handle all claims instead of Access.|
|What's Best for You|
|In conclusion, all current Access Insurance policyholders must find a new insurance provider as soon as possible. When considering a new insurance provider, it’s important to review every option available to you, as well as deciphering which policy is best suited for your coverage needs. A great way to obtain advice when considering a new insurance, is by speaking with the California Department of Insurance’s Consumer Service Team. For future reference, it’s important to look into an insurance company’s background and past. This is especially true when saving yourself from insurance disaster in the long-run.|
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