PHILIPSBURG:--- In the wake of the increasing number of fraudulent insurance documents being circulated on the island, NAGICO Insurances has announced that they will be issuing a new and modified Motor Insurance Policy Schedule (Certificate) to their clients to protect them from being exploited by malicious persons.
This new Policy Schedule, according to a release from NAGICO, will include several security measures, which will prevent the document from being illegally duplicated, altered, or replicated without notice. The measures being implemented by NAGICO will assist law enforcement with identifying fraud and fraudsters in this regard.
“We value the trust our clients place in us when they select NAGICO as their insurer, and we take our role to always be there for our clients very seriously. We recognize that unfortunately there are persons out there that seek to defraud others and so we have made this investment in additional security to ensure that our clients can be sure that they have transacted with one of our authorized representatives and be certain that if they were to have a loss that they would be covered.”
As a member of the Insurance Association, NAGICO has been partnering with the KPSM to find ways to combat and deter the noted trend of falsifying insurance documents. The company has advised that an implementation date will be announced in the coming weeks and that there will be a transition period for all Motor Policyholders, to come in and exchange their current Insurance documents, for the new Insurance Schedule free of charge.
