State insurance officials in West Virginia and Kentucky kicked off “Get Smart About Insurance Week” today through Jan. 28. West Virginia Insurance Commissioner Jane L. Cline and Kentucky Insurance Executive Director Martin Koetters inaugurated the week with ceremonies in their respective states.
“Information is the key to avoiding insurance problems and scams,” Cline said. “Get Smart About Insurance Week isn’t about selling or canceling policies, it’s about making sure you and your family are properly covered. We believe that the West Virginia Insurance Commission is your best resource for insurance-related questions and concerns.
“When it comes to insurance, knowledge is the best policy,” Cline adds. “It just doesn’t make sense to ignore it, too often, people buy an insurance policy and then forget about it, or they don’t make any changes to it over the years until it’s too late.”
Koetters said information is the key to avoiding insurance problems and scams. “Both the West Virginia and Kentucky Insurance commissions’ goal is to give consumers free and objective information to make sure their families are properly and legitimately covered.”
Although most Americans feel they have about the right amount of insurance coverage (72 percent), only 33 percent say they understand the details of the coverage “very well,” according to a recent survey by the National Association of Insurance Commissioners.
The General Accounting Office reported 144 fake health insurers sold bogus policies that affected more than 200,000 policyholders between 2000 and 2002, resulting in $252 million in unpaid claims.
This week, West Virginia residents are urged to contact the West Virginia Insurance Commission at 1-888-TRY-WVIC and Kentucky residents can contact the Kentucky Insurance Commission at 1-800-595-6053. Both insurance departments are distributing free brochures and providing information about what policyholders should expect from insurance coverage, as well as getting tips for confirming if a policy is legitimate.
Topics Virginia Kentucky West Virginia
Was this article valuable?
Here are more articles you may enjoy.
Microsoft Tells Texas Agencies They Were Exposed in Russian Hack 
Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P 
Update: Beryl Rakes Mexico’s Yucatan With Hurricane Winds and Heavy Rain 
Three Charged With Helping Agents Cheat on Florida Insurance License Exams 
