Original source: https://www.aldoi.gov/currentnewsitem.aspx?ID=1060
All of the time we browse the world wide web each day to guide you to realize to the importance of having a Property Damage Adjustment Consultant in your corner. Take a few seconds to read this article we just found.
Alabama Department of Insurance (08/05/19)
Wire fraud is one of the quickest growing cybercrimes from the nation. As stated by the Federal Trade Commission, consumers reported losing $1.48 billion to fraud in 2018; that is a rise of 38% over 2017. Fraud is any event where an person is duped into sending money via wire transfer to a fraudster. Real estate transactions could be a goal for wire transfer fraud. When getting title insurance, be certain you’re aware of your transactions. The National Association of Insurance Commissioners provides tips to help keep you protected. At the start of your trade, be sure to acquire a contact name, email, and phone numbers for your real estate agent, lender, title insurer, and settlement and closing agent. Apply these numbers and email addresses when communicating with them. Make sure you utilize two-factor authentication on your email account and invite different individuals included in the trade to do so also. Be aware of any correspondence or email that asks you to react immediately or to hurry. To learn if your title insurance company is licensed and in good standing, consult the Alabama Department of Insurance…. Read More
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