FISCA is now trying a new website that is suitable for access by mobile phones, and also through the browser. You can access it at http://fisca.mviso.com. Try it with your mobile phone.
Thursday, September 29, 2011
New scam on motor insurance claim
A consumer approached me on this problem. He had a minor accident 8 months ago. He decided not to make any insurance claim and carried out his own repairs. He has now received a large claim from the other vehicle with a witness report that placed him in the wrong. The claim was inflated and the witness was probably ,making a false statement.
He submitted the third party claim to his insurance company - but the claim officer rejected the claim as he did not make a report at the time of the accident. He is now in a dilemma and does not know how to handle the third party claim.
His only recourse was to engage his own lawyer to fight the claim, but it would be costly. It was likely that the claim was fraudulent but it was quite sad that his insurance company was not assisting him on this matter.
He submitted the third party claim to his insurance company - but the claim officer rejected the claim as he did not make a report at the time of the accident. He is now in a dilemma and does not know how to handle the third party claim.
His only recourse was to engage his own lawyer to fight the claim, but it would be costly. It was likely that the claim was fraudulent but it was quite sad that his insurance company was not assisting him on this matter.
New scam on time sharing
A consumer shared this story with me. He bought a time sharing unit several years ago. The marketing company disappeared after collecting $7,000 from him. He wrote off the loss.
Recently, he was contacted by a service company who claimed to act for the developer. The told him that he had outstanding service payments on his time sharing unit and that the unit had some residual value. He was convinced to pay the fee to this service company to terminate the contract and claim back what was due to him.
After paying the service fee, he did some research and found that the service company was not connected with the developer. He had been scammed again.
Consumers should be careful and not attend presentations or meet people that they do not know. There are too many scams happening around. Some Singaporeans are easy targets due to their naivety.
Recently, he was contacted by a service company who claimed to act for the developer. The told him that he had outstanding service payments on his time sharing unit and that the unit had some residual value. He was convinced to pay the fee to this service company to terminate the contract and claim back what was due to him.
After paying the service fee, he did some research and found that the service company was not connected with the developer. He had been scammed again.
Consumers should be careful and not attend presentations or meet people that they do not know. There are too many scams happening around. Some Singaporeans are easy targets due to their naivety.
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