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Updated on January 19, 2007

Insurance Scams and Frauds

I just cancelled my boat insurance policy with ACE Insurance after reading about the scams in which they have been involved and for which they have been indicted. Also, when my boat was damaged by a storm last year I found that most of the damage was not covered due to a tricky ACE policy exclusion. Before you sign up with a car, homeowners or health care insurance company you may want to do a Google search on the company , remembering that their profits depend on avoiding payment for losses.


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