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INSURANCE CARDS |
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INSURANCE CARDSAlthough only a small percentage of consumers make fraudulent insurance claims, simply taking the cash from the claim is a significant issue. The amount of fraud can be greatly reduced by paying claims in the form of an insurance card. As a retailer, you can use ReD’s insurance cards to provide a service to insurance companies, and add additional revenue streams to your business. Insurance companies can issue the card to a claimant in order to allow them to purchase replacement items in the event of a claim. By using a card, the claimant is restricted to buying appropriate goods relevant to their claim or only spending it at a particular store. For example, if a consumer is making a claim for a lost bicycle, an insurance card only valid at a chain of bicycle retailers could be issued. This will dramatically reduce insurance fraud because the claimant won’t be receiving cash. Please contact us if you would like further information about any of our Insurance Card services.
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