How not to fall for the fraudulent loan scam?

Throughout this content, we sometimes point out that it is possible to take out a loan for a low score, but that demand can be more difficult and the supply of financial institutions smaller. In these situations, you should be wary of proposals that seem too simple and that ask for little proof of your financial reality. 

It’s understandable to be prone to this type of negotiation, especially when you’re in a scenario where loan searching is difficult. However, you need to be aware and stay away from this type of proposal, as you may be facing an attempt at a fraudulent loan scam .

Often, these offers arrive without the person looking for credit. Chances are you’ve already received suspicious emails, SMS, phone calls, and more recently, WhatsApp messages offering quick and easy credit. The contact is usually friendly and claims to be free of bureaucracy, without credit analysis or with little proof of income. 

However, there are also fraudulent loan schemes that do not reach you, those that are spread on flyers, banners and even have a physical branch to apply for. How to prevent yourself and not fall into this type of scam?

Tips to avoid loan scams

One of the main characteristics that helps to recognize the loan scam is that this type of fraud usually has as its main objective to get the victim to pay an advance amount for the credit. The scammer puts as a condition for quick and easy credit release that you pay off some portion of the debt in advance. 

It is important to know that asking for payment of installments before the customer receives the requested credit is a practice vetoed by the Central Bank. This is, therefore, one of the most important tips for those who want to avoid a fraudulent loan: do not advance values!

Now, we are going to list some tips that can be useful in less obvious scam approaches, so you can make sure that you are facing a safe online maturity loan offer for low score.

• Check the company’s CNPJ information on the Federal Revenue website. On the pages of financial institutions, it must be visible in places such as the page footer. By consulting the IRS, you can make sure that the company is active and its location;
• With this data, it is also possible to check with the Central Bank website if the company is authorized to offer credit. For a bank to be able to work with loans and financing, it must be authorized by the BC;
• Check the security of the platform or the existence of the company before passing on your personal data to strangers;
• Research the company’s reputation! Do a search on social networks and on sites such as Reclame Aqui and Procon;
• Be wary of companies that make loans for low scores without any kind of consultation, credit analysis or proof of income;
• Sometimes scammers pose as well-known banks. Check that the numbers used for telephone contact are the same provided by the institution; 
• Be suspicious if the person you are talking to asks for card and bank account passwords via email, WhatsApp or SMS; 
• Do not share photos of your cards in WhatsApp negotiations. 
• Be wary of credit offers whose installments are worth more than 30% of your income;
• Enable two-step verification and encryption on your WhatsApp.

Tips to check if the online loan is safe

Although there are people who use delicate moments such as the search for credit to apply scams, there are still safe ways to get a low score loan online. Just take a few steps to ensure that the transaction is genuine and carried out by a trusted financial institution. 

Check out some tips that can help you when applying for a low score loan online: 

• Will you use your browser to make the request? See if a padlock icon appears next to the website address. This is a basic step to verify that the site uses a secure connection and that the exchange of information is not accessed by third parties;
• Already on the site? Try clicking on some links on the page and see if you are still at the same address. Be wary if you are redirected to another site without a warning from the page; 
• Look for the Terms of Use and Privacy Policy. They are usually at the bottom of websites and indicate that the company is concerned about the security of your data; 
• Pay attention even to Portuguese mistakes; 
• Do you want to take out a low score loan outside traditional banks? Consider opting for offers from institutions and fintechs associated with well-known business groups. 

Colonoscopy, is it really necessary?

The deputy chief physician of the Department of Gastroenterology at Jingdong Zhongmei Hospital said that among the 14 people who underwent colonoscopy, 13 had precancerous lesions, and 1 was diagnosed with colon cancer! As a gastroenterologist, Yong Wu has always spared no effort to popularize the importance and necessity of colonoscopy to relatives and friends.

In particular, having a colonoscopy or gastroscope before the age of 40 can find many problems and stop the damage in time to avoid more serious consequences. However, the power of one person is far from enough. Raising people’s awareness of colonoscopy requires the joint efforts of more people.

1. Why do you have to do a colonoscopy?

One of the reasons why many people refuse colonoscopy is the fear of the unknown. I don’t know if the colonoscopy is painful or not, and if the colonoscopy will detect anything wrong… So I simply choose to escape. However, if you dare to face it once, you may be able to “save your life”!

Although the incidence of colorectal cancer has been increasing in recent years, it is one of the preventable cancers.

Generally speaking, it takes about 5-10 years to develop from intestinal polyps to colorectal cancer. If there is no cancer, early screening finds clues, which can be stopped in time and reduce the risk of colorectal cancer. Therefore, early screening is very important, especially for people at high risk of colorectal cancer.

A large study published in the Annals of Internal Medicine in 2018 also provided strong evidence for the importance of colonoscopy. The study looked at 25,000 patients and found that between 2002 and 2008, about 5,000 were diagnosed with colorectal cancer and died of cancer in 2010.

After analysis, the study found that most patients who died of colorectal cancer ignored colonoscopy. Further comparing screening data over the past 20 years, the researchers concluded that colonoscopy could reduce the risk of death by 61%.

In addition, the Stanford University team also pointed out the role of early colonoscopy in reducing the risk of colorectal cancer. Based on data from 6 million people, the study found that among people aged 45-49, those who underwent colonoscopy had a 50% lower risk of developing colorectal cancer compared with those who did not.

Wang Xishan, director of colorectal surgery at the Cancer Hospital of the Chinese Academy of Medical Sciences, said that in recent years, the incidence and mortality of colorectal cancer in the United States have continued to decline. In contrast, China is still showing a slow upward trend.

The reason, Wang Xishan believes, is mainly due to the low penetration rate of endoscopy in my country. Since 2000, colonoscopy has become the main screening item in American physical examination, and the colonoscopy rate of people over 50 years old has risen to 60 % in 2015. In addition, the death rate from colorectal cancer in the United States has dropped by about 53% since 2000 compared with 1970.

However, in China, the penetration rate of gastroenterology is still low, and the rate of colonoscopy in people over 50 years old is less than 15%.

2. How long is the “validity period” of a colonoscopy?

How long can you be safe after having a colonoscopy? The answer is 10 years.

Li Zhaoshen, an academician of the Chinese Academy of Engineering, suggested that people who have not had a colonoscopy before the age of 45 must hurry up and do it once. Do a colonoscopy, the safe period is about 5-10 years.

A 20-year follow-up study published in The Lancet in 2017 found that colonoscopy can reduce the incidence of colorectal cancer by about 30% over the next 17 years.

It should be noted that it is not a matter of having a colonoscopy to sit back and relax and reduce the risk of colorectal cancer to zero. Maybe there were no intestinal polyps at the time of colonoscopy, but they may grow later, so it is recommended to do it every 5-10 years.

In addition, if there were intestinal polyps at that time, it was found after the colonoscopy and cut off, and they may grow again later, so they should be reviewed regularly.

However, a colonoscopy can guarantee that you will not get colorectal cancer for 5 or 10 years.

3. Who is best to have a colonoscopy?

Does everyone have to have a colonoscopy? Not really. For some people, there is no need for a colonoscopy for the time being. However, for people at high risk of colorectal cancer, or those with early symptoms of colorectal cancer, if they have not done colonoscopy, they should hurry up and do it.

1. Changes in stool characteristics

Small symptoms may indicate major problems. When there are symptoms such as blood in the stool or black stool, mucus or pus and blood in the stool, increased defecation frequency, deformation of the stool, alternating diarrhea and constipation, and difficulty in defecation, you should be vigilant and have a colonoscopy as soon as possible. Check to find out why.

2. Unexplained changes in the body

Abnormal changes in the body, such as significant weight loss in a short period, unexplained anemia, abdominal mass or mass, elevated carcinoembryonic antigen, may also be a sign of colorectal cancer, and a timely colonoscopy is required.

3. Postoperative patients with colorectal cancer

After colorectal cancer surgery, colonoscopy needs to be reviewed every 6-10 months to prevent a recurrence. If a colonic obstruction occurs before surgery and the entire colon cannot be examined, a colonoscopy should be done 3 months after surgery.

4. People over 40 years old

People over the age of 40, especially those with long-term poor eating habits and frequent drinking, should have a colonoscopy. In addition, people with a family history of colorectal cancer, even if they do not experience any unpleasant symptoms, should have a colonoscopy as soon as possible, just in case.

So, what do you need to do to prepare for a colonoscopy?

First of all, the night before the colonoscopy, it is best to fast for dinner, or only eat a moderate amount of liquid food.

Secondly, do not drink dairy products such as milk, and do not eat fiber-rich vegetables, fruits, tomatoes, watermelons, and other foods with red juice, so as not to affect the correctness of the test results.

Finally, be sure to take the laxative prescribed by the doctor. The role of the laxative is to clean the intestines. Don’t sit after taking the medicine, you can walk back and forth to promote excretion.

Therefore, colonoscopy is not terrible. What is ” terrible ” is the need for colonoscopy, but the people who do not do it for a long time. Prevention of colorectal cancer starts with colonoscopy. If you belong to the group of people who need a colonoscopy, hurry up and do it as soon as possible!

3 interesting offers if You are looking for a mortgage for a second home

Who would not like to have an apartment near the sea or a house in the middle of nature? If this is our case, it could be that we need financing to formalize the sale. To do this, many banks offer PHH mortgages for second homes designed for customers who want to increase their wealth by paying little by little for it. In the following article, we will highlight three mortgage loans designed for this purpose that could fit different profiles: clients who have fewer savings, clients who prefer to repay the money in more time, and clients who do not want to be linked to any entity.

ING Variable Orange Mortgage: up to 75%

In general, entities usually offer financing of between 60% and 70% for the purchase of second homes. However, with the Orange Variable Mortgage from ING, we will not need so many savings, since this bank increases the amount financed up to 75% for its clients.

For the purchase of second homes, ING offers an interest rate of 2.09% during the first year and Euribor plus 1.09% thereafter. Of course, to access this credit with the subsidized interest, it is necessary to domicile a minimum income of 600 euros and sign home insurance with the entity and another life insurance.

One of the advantages of the Orange mortgage is that it does not have any type of commission and we can return the outstanding balance within a period of up to 25 years.

Bankia Variable Mortgage: 30 years to finish paying

If we prefer a longer repayment period to be comfortable with the payment of installments, we may be interested in contracting Bankia’s Variable Commission-Free Mortgage. With interest from 1.99% during the first year and from Euribor plus 0.99% afterward, we can extend the repayment period up to 30 years.

Another positive aspect of this credit for the purchase of a second home is that you only have to domicile the payroll, which will have to be at least 1,200 euros per month among all the holders.

Of course, if we decide on the Bankia mortgage, we will have to have savings that cover the remaining 40% of the price of the property (it only finances up to 60%) and the entity will apply a penalty if we want to change banks or of wanting to review the conditions through a novation.

Coins Variable Mortgage: without linkage

Lastly, if what interests us is not having to be linked in any way with the entity, Coinc’s Variable Mortgage could be the offer we are looking for. This entity offers financing of up to 60% for the acquisition of second homes with an initial interest of 1.89% and Euribor plus 0.99% from the second year.

In addition, this product does not have any type of commission and the only condition is that we open a free account from which to pay the fees.

As an additional advantage, it should be noted that, as it is an online mortgage, the contracting process is completely telematic and we can request financing without leaving home.

If you like this article share it on your social media.

Credit score: what to remember

• A credit score is a 3-digit number between 300 and 900 indicating your solvency and your ability to repay a loan.
• Your credit rating is key when applying for credit. The higher it is, the more disciplined you are considered to be and the better the proposal and the interest rate will be.
• A credit rating is not static over time, it can go down or up.
• Two agencies, Equifax and TransUnion, make up credit scores. These agencies sell this data to the many companies and institutions that request it.

Want to borrow? Use our online tool and have access to multiple loans, regardless of your credit rating.

What is a credit score?

A credit rating, also known as a credit score or credit score, is a three-digit number that assesses your credit history and creditworthiness. A credit score changes over time, and nothing is set in stone:

• you earn points on your credit rating if you use your credit responsibly
• you lose money if you go into excessive debt, fail to repay your credit within the time limits, etc.

In Canada, credit rating is assessed by two major credit bureaus: Equifax and TransUnion.

These are private companies that collect and report information about your credit habits. However, other private financial institutions have their credit rating systems.

Your credit score is created along with your credit report when you first borrow money and your lender submits your information to reporting agencies.

What is a credit score for?

A credit score allows the various financial institutions in Canada to assess in a few seconds the level of risk of a creditor and his ability to repay a loan granted.

Many institutions consult your credit report, including:

• banks of course before granting you a personal loan, mortgage, or credit card
• car rental companies
• phone companies, before you sign up for a phone plan
• insurance companies,
• your future employer,
• your future owner etc.

It is therefore essential to take care of your credit rating and to be careful to maintain your rating above 600 so as not to send the wrong signals and find yourself in an uncomfortable situation, such as the impossibility of renting accommodation.

You usually need to permit a lender or other company to view your credit report. However, not giving this authorization may simply prevent you from taking out any credit.

How is the credit score calculated?

The credit rating is calculated using a mathematical formula that establishes your level of risk after a detailed analysis of your file. Among the elements used to calculate your credit score, we find the following elements:

• the maturity of your credits
• the age of each loan in your file
• carrying forward balances on your credit cards
• your current outstanding debts
• non-payment of some of your debts on time
• the use of your credit limit
• the number of credit applications you have made recently
• the type of credit used
• transferring your debts to a collection agency
• the presence of an insolvency or bankruptcy file in your file.

However, keep in mind that the calculation of the credit rating varies from one financial institution to another. Indeed, according to their different guidelines, they will give more weight to certain information than to others. Most often, your payment habits and your use of available credit are the two factors that affect your credit score the most.

What do the different credit scores mean?

Credit scores range from 300 to 900. A credit score of 600 is considered average and reasonable.

Below is a summary table of the different credit score scales calculated by Equifax:

ScaleCanadian populationEvaluationOur advice

300-559 4% Weak Take the necessary actions to improve your credit rating (example: subscribe to a program to improve your credit rating).

560-659 10% Medium Demonstrate your sense of financial responsibility with your debt repayment history.

660-724 15% Good Maintain your strong credit history to improve your credit profile.

725-759 14% Very good Continue with your excellent financial habits to maintain your credit rating.

760-900 57% Excellent Continue with your excellent financial habits to maintain your credit rating.

Credit Scores: Numbers & Meanings

Are you looking for a personal loan? Do you have a bad credit score but still need to borrow? Use our online tool to obtain quotes from the best brokers in Quebec in seconds, regardless of your credit rating.

What is a good credit rating?

An acceptable credit score is between 600 and 670. It is generally accepted that the higher your credit score, the better. If your credit score is above 800, this will be an excellent signal for financial institutions. It will simply mean that the risk that you do not honor your financial commitments is very low. You will therefore have access to credit quickly, and easily and benefit from much better interest rates.

What can influence a credit rating?

Your credit rating is not static. It changes over time, depending on your financial habits. Several factors can influence your credit score:

• your payment habits: the more you pay your debts when due, the better your credit rating will be.
• your use of available credit: to have a good credit rating, it is better not to use all of your available limits on your credit card.
• the date your account was opened: your credit rating is improved if you have had an account that has been open for several years
• a variety of accounts and receivables in your name: the more variety of accounts you have in your name, the better your credit rating will be.
• the number of credit applications you make with financial institutions: the fewer new applications you have, the better your credit rating will be.

What can lower a credit score?

Certain elements of your financial history can lower your credit rating, such as:

• payment delays and defaults
• using your available credit up to or over its limit
• bankruptcies and over-indebtedness
• the existence of numerous recent credit applications in your file.

A declining credit score sends signals like:

• you live beyond your means
• you are in a financial bind.

How to increase your credit rating?

You can take several concrete actions to improve your credit rating. However, count which months of good practice to see your credit rating go up from the moment you start trying to raise your score.

Subscribe to a program to improve your credit rating

Signing up for a program to improve your credit score can be useful to get help from a financial institution to manage your finances, and help you save and pay on time. Koho, for example, offers this kind of program for $7/month. You can also opt for a pre-paid card, which helps you not to exceed your limit.

Ask for your credit file

This is the first step to seeing your credit report as it stands. You will be able to see what aspects you need to correct to improve your credit rating and this will show the financial institutions that you are taking your file in hand. Your requests to consult your credit rating are visible on your credit report but have no impact on it. You can send several requests to consult your credit rating per year, by letter, free of charge.

Improve your payment history 

Always make your payments on time. If you are unable to pay these on time, negotiate a schedule with the lender. Reduce your expenses to reduce your debt ratio.

Use your credit wisely 

Never exceed the preset limit on your credit card. One of the recommended best practices is to use between 30 and 35% maximum of your available limit. For example, if your limit on your credit card is $300, you should use between $900 and $1050.

To calculate your credit limit, you must take into account all the limits you have on all your credit products. These include credit cards, lines of credit, and loans. 

So, for example, if you have a limit of $3,000 on your credit card and a line of credit of $12,000, you will have a credit limit of $15,000. You will thus have to use between 30 and 35% of this limit, that is to say between CAD 4500 and $5250.

Increase the duration of your accounts 

If you maintain a credit account for a relatively long period, your credit rating will be positively impacted. It will therefore be advisable to keep your credit accounts, even if they are unused. Keep in mind that recent account openings penalize your credit rating. Thus, the transfer from an old account to a new account is considered a new credit.

Limit your credit requests

It is quite normal to use credit from time to time to make large purchases such as a car or an apartment. However, if you apply for credit too often, lenders will think you are living beyond your means. They will thus deduce that you are financially irresponsible and this will affect your credit rating. As a result, a reduction in your credit inquiries will help improve your credit rating.

Use different types of credit

Do not limit yourself to a single credit product, such as a credit card, as this negatively impacts your credit rating. Consider diversifying your credit products. For example, you can improve your credit rating if you have a credit card, car loan, and line of credit. Just be sure to be able to repay your loans in any case.

Sign up for a program to help boost your credit rating

Some financial institutions offer programs to help you improve your credit rating for a few dollars a month. How does it work?

When you register, your bank puts a certain amount in a separate account and takes part of it each month to save. Then she sends this action to Transunion or Equifax so that they take note of it.

Using your debit card has no impact on your credit rating since, by definition, with a debit card you only use the money you already have.

How to know your credit score?

In Canada, you have the right to obtain a copy of your credit score free of charge and several times a year, if you request it in writing. Don’t worry, these requests, even repeated ones, are mentioned in your credit report but have no impact on your credit rating.

Otherwise, here are the different ways to know your credit score:

Credit Verify to check your credit rating in Canada

Credit Verify allows you to quickly know your credit rating you can instantly consult your rating. You will also be able to benefit from adapted advice if you want to know how to improve it. In addition, you can quickly check that your file contains no errors, these errors can indeed lower your credit rating.

Insurance fraud schemes

Insurance fraud is committed by companies, agents, adjusters, doctors, hospitals, or consumers when they lie or misrepresent facts for financial gain.

Because companies spread claim costs among policyholders, fraudulent insurance claims drive up insurance premium costs. 

How to report suspected fraud

If you know or suspect someone has committed insurance fraud, Texas law requires that you report the fraud within 30 days. The law protects you from any retaliation or liability for reporting fraud.

If you suspect fraud or think you have been the victim of insurance fraud, report it to the TDI Fraud Unit .report insurance fraud online or by calling the toll-free Consumer Help Line. To report fraud involving Medicare, Medicaid, or health care or drug discount programs, call the Texas Attorney General’s Consumer Protection Hot Line. ) at 800-621-0508.

Insurance fraud schemes

Insurance without a license

It is illegal to sell insurance in Texas without a license. (The one exception is for surplus lines companies, also known as offshore insurers, which are out-of-state companies that insure unusual or hard-to-allocate risks. Surplus lines or offshore companies must still register with TDI to operate in Texas and must be licensed in their home state or country).

Unlicensed companies often don’t meet the state’s minimum financial requirements and may not have the money to pay claims. The company will collect your insurance premiums and may even pay some small claims so that you continue to pay your insurance premium. Then, when you have an expensive claim, the company could disappear, leaving you with no coverage and expensive bills to settle.

Consumers and small businesses that have difficulty finding or affording insurance may be vulnerable to these schemes.

Prevention tips:

Make sure your agent or company is licensed or registered to sell insurance in Texas. If you have health coverage through your employer, especially if you work for a small employer, it’s still a good idea to make sure your insurance company is licensed. You can find out the status of the agent’s or company’s license by calling the Texas Department of Insurance (TDI) Consumer Help Line at 800-252-3439 or you can review the company’s profile on our website.

When checking a company’s license status, make sure you know the exact name of the company. Unlicensed companies often use names similar to the names of licensed companies. If you find even a slight difference between the name provided to you by the company and the name on TDI’s records, please notify TDI immediately.

Medical Provider Fraud

Doctors and hospitals commit fraud when they overcharge insurance companies for services they provided, charge for services they did not provide, or perform tests and procedures that are not necessary.

Prevention tips:

• Ask questions to make sure the treatment your doctor recommends is necessary.
• Be careful if your doctor recommends a new, unusual, or experimental procedure.
• Review your bills and your insurance company’s Explanation of Benefits (EOB) statement to make sure you were billed only for the services you received. If you find a difference between the bill and the services you received, contact your insurance company.

Car accident fraud

People commit car accident fraud when they increase their claims or when they file claims for accidents or thefts that never happened. Another scheme is to cause a crash and make it look like it’s your fault.

One of the most common types of schemes is called “swoop and squat”. This scheme involves two people acting together in two separate vehicles. The braking (“squat”) car moves directly in front of you and begins to slow down. The passing car (“swoop”) comes up behind and cuts off the braking car in front of you. The squat car brakes quickly, forcing you to the rear end, while the car you passed takes off.

Prevention tips:

• Insist on calling the police if you are involved in an accident.
• Get the other driver’s information. Be sure to get the name, address, phone number, license plate number, the exact name of the insurance company, and the policy number.
• Ask for the names of everyone in the other vehicle.
• If you have a camera or cell phone with a camera, take pictures of the damage to your vehicle and the damage to the other vehicle.
• Do not follow other cars too closely. This will help you avoid the swoop and squat.

When should I file a car insurance claim?

An auto insurance claim is basically your way of notifying your insurance provider that you’ll need to use your policy to cover expenses related to an incident.

You may be wondering when should I file an auto insurance claim? 

Filing a Salvage title car insurance claim for something minor, like a broken mirror or a broken windshield, will almost certainly increase your premium. The real purpose of insurance is for disastrous circumstances, not minor accidents.

Whatever your deductible is, you should always try to pay the bill for $500 above that before getting insurance involved.

Let’s say you have a $500 deductible. In that case, you only need to file a claim when the body repair bill is over $1,000.

If you have a $1,000 deductible, any repair bill greater than $1,500 would justify a claim.

This is when you should NOT file a car insurance claim

Speaking of small claims, there are a few cases where you don’t need to file an auto insurance claim:

• Small incidents like a broken windshield or a broken mirror.
• After a weather event where your vehicle is hit by debris and causes minor surface damage.
• Call the roadside assistance of your insurance company; that can be treated as a claim.
• That last item may surprise some people. But the truth is that some auto insurance agencies that offer roadside assistance treat their use as an at-fault claim and put it on your report.

However, there are generally more cases where you should file an auto insurance claim rather than skip:

• You will save money. You should file an insurance claim whenever your out-of-pocket costs extend beyond your deductible.
• You caused an accident or damage to someone else’s car or property. Even if the other person recommends settling the damages caused by an accident in private, don’t accept it. If you come to an agreement in private, there is always the risk that the person will come back and ask for more money.
• By involving your insurance company by filing an insurance claim, you not only get your policy to cover expenses, up to your policy limits. You also protect yourself by letting the insurance company settle with the person you hit.
• Someone hit your car. If your vehicle is damaged due to someone else’s mistake, you’re probably wondering how to file a car insurance claim against someone. Generally, starting the insurance claim process there requires a call to your insurance provider and a call to theirs. Get your insurance information so you can start your car insurance claim and get the money you deserve.
• People were injured in an accident. Whether you caused the accident or not, it’s a good idea to get your insurance company involved if people were injured. That way, those people can get the health care they need and use insurance as much as possible for it.

Is there a time when you shouldn’t file an insurance claim?

While it’s almost always a good idea to go through the insurance claim process for the financial and legal protection it provides, there are a few times you might consider skipping it:

• The damage is extremely minor. If you are involved in a minor accident and all parties involved do not want to file an insurance claim, you may not need to file one. But this is only the right decision if an agreement can be reached with the person right then and there.
• If you are asked for your contact information, and especially if you are asked for your insurance information, start researching how to make an insurance claim with your provider.
• You damaged your own vehicle. If you make a mistake behind the wheel that affects your vehicle but doesn’t harm anyone else or your property, assess the damage. If the repairs are less than or close to your deductible, it probably makes more sense to pay for them yourself, since you would cover most of the repair costs out of pocket anyway. That avoids filing an insurance claim, which can lead to increased rates.

Remember above all to always have your current car insurance for any eventuality on the road. We have the auto insurance coverage you need and that will make you feel calm when you are driving.

We offer you the best auto insurance service in Spanish and at the best price.

How to Claim Agricultural Insurance

How to Register and Buy Agricultural Insurance

For those of you who are interested in registering and buying agricultural insurance, here are the steps.

• Farmers follow the data collection conducted by the local district or city office.
• Then the farmer data will be sent to the Ministry of Agriculture.
• The government conducts verification.
• If the verification is successful, the farmer will be met with the insurance company.
• Furthermore, the government will conduct socialization regarding premium payment and insurance risk selection.
• The police were distributed to the farmers.
• If they experience losses such as crop failure, farmers can file a claim with a note after the policy is issued.

How to Claim Agricultural Insurance

How to submit an agricultural insurance claim to the Jasindo insurance company, namely:

• Farmers submit claims to Jasindo through farmer assistants, agricultural extension workers, or plant-disturbing organisms observers.
• Claims verified by the team.
• Damage to crops must reach a minimum of 75 percent, less than that amount will not be compensated.
• Farmers will receive coverage of a maximum of IDR 6 million per hectare if the claim is approved.

How Agricultural Insurance Works

Agricultural insurance can be divided into 2 types, namely self-help insurance and subsidized insurance from the state budget. In self-help insurance, farmers must pay their premiums without help from other parties.

Meanwhile, in government subsidy insurance, farmers will get a premium subsidy of 80 percent from the government and the rest will be paid by farmers. The way this type of insurance works is quite simple, namely insurance registration is done through farmer groups.

However, to be able to get subsidized insurance, farmers need to meet the following requirements:

• Farmers do not own private land and the land must be arable land with an area of ​​not more than 2 hectares.
• If the farmer owns private land, the agricultural work cannot be more than 2 hectares.
• Farmers are small-scale horticultural, garden, or livestock farmers.
• Join an active farmer group.
• Prioritizing farmers who are included in sustainable food agriculture.
• Carry out agriculture or animal husbandry in earnest after premium assistance is received.

Tips for Choosing Agricultural Insurance

Some tips for choosing this type of insurance include:

• Choose insurance products according to your conditions and needs.
• If the farmer meets the requirements to get a premium subsidy, then the farmer needs to prepare all the requirements to be fulfilled so that the application for insurance registration is not rejected.
• Active in farmer groups if you want to get premium subsidies.
• For farmers who choose private insurance, pay attention to the type of insurance chosen, whether self-help insurance, partnership insurance, or insurance with a credit pattern.
• When choosing a private insurance premium, choose an insurance product that is not burdensome and under your abilities.
• It is recommended to choose insurance that provides comprehensive risk coverage according to conditions in the field.
• Choose insurance that is easy in the registration process as well as the claim submission process.
• Farmers are required to know in detail the submission of claims to avoid rejection.

That’s the discussion about agricultural insurance that you need to know. If you need more insurance information, you can find interesting content related to life insurance, health insurance, car insurance, and other financial products on the CekPremi.com blog.