Taking out an insurance policy is one of the best ways to protect your wealth, security, and future. Unfortunately, scammers sometimes use the idea of “protection” to deceive people. Safeguarding your finances also means knowing how to spot fraud and how to avoid becoming a victim.
Stay Safe
To stay one step ahead of scammers, always double-check any communication you receive from an insurance company. If something looks or sounds suspicious, pause and verify it. Genuine companies are happy to provide proof of identity or legitimacy — so if you’re unsure, ask.
Be cautious of:
- Unsolicited messages on social media
- Unexpected phone calls offering insurance deals
- Emails or texts asking for personal details
These are not standard ways legitimate insurers contact their clients. Never share your personal or financial information unless you are certain the company is genuine.
Am I Talking to a Scammer?
If something feels off, trust your instincts. Scammers have become more sophisticated, but there are still signs that can help you spot a fake offer. Be wary of anything that sounds too good to be true.
If someone unexpectedly offers you insurance at an ultra-low price, take a step back and think: “Do I really know who I’m speaking to?”
Fraudsters often create what’s known as a “ghost policy” — fake insurance policies designed to trick you into paying for something that doesn’t exist. These “policies” offer no real protection and can leave you completely uncovered in the event of a claim.
The Bottom Line
When it comes to your money and safety, caution is your best defence. Always verify before you trust — and remember, real protection starts with awareness.
🚨 Data accurate as of the date of publication
🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, mortgage, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.
Source: Quilter Financial Services – Essentially Mortgages Q4 2025
