No matter how good something is, there is also the downside of it. This is common nature and is found everywhere. This is especially evident with online insurance. Internet insurance, as it is also referred to, has become very beneficial to many people today. It has enabled many insurance services to be provided easily and at a low price. However, despite these many benefits, there are also the disadvantages of using it as compared to interacting face to face with the insurance experts and agents. The following are some of the disadvantages that you should take note of in your dealings with internet insurance companies.
Increased risk of identity theft. In some cases, we have to provide our personal information for instance when you are requesting for an insurance quote online. This information can be illegally accessed by malicious parties and individuals and used for the wrong reasons.
Increased cases of fraud and scams. Many people have dealt with an insurance company online and even paid for various services only to discover that the company is a fraud. Furthermore, it is difficult for law enforcement agencies to properly track all these fraudulent insurance activities that go on online.
Breakdown in communication which can have very serious effects.