Insurance scam spreading through Ontario newspapers
The Registered Insurance Brokers of Ontario (RIBO) is warning consumers of a recent insurance scam that’s spreading throughout the province via newspaper ads.
RIBO says it has already received a number of calls from people who have been caught in the scam.
Ads in several city newspapers, including those in London, Ottawa and Toronto, advertise auto insurance under the name “Security Insurance Inc.”
The ad says:
✓ Check THIS out!
AUTO INSURANCE PROBLEMS?
Bad Driving Record? Take advantage of
Our one year insurance premium package.
Starting for $700 – 2200/year
Save up to $800 Get your quote now at
www.securityinsuranceinc.com
or call 1-800-508-6630
Some conditions may apply.
The address and telephone number that appear on the website are as follows:
Ontario Office
355 Adelaide Street
Suite 302,
Thunder Bay, Ontario
P7A 7T8
Telephone: 1 800 508 6630
Facsimile: 1 888 456 3813
RIBO says to obtain the promised coverage, victims are directed to send money through Western Union money grams. The victim does not receive a policy and the listed phone number is out of service, leaving the victim out cash and without a policy.
RIBO says anyone who has been caught by this scam should contact them at 416-365-1900 or 1-800-265-3097 or Barbara@ribo.com.
