As new home owners, we have been receiving quite a few official sounding scam mails trying to lure us into purchasing unnecessary insurance or coverage. The most recent was from KIT Marketing trying to induce us into purchasing mortgage payment coverage in the event of a disability. At the top of the fraudulent snail mail was Attention: Important Notice Complete and Return. Time Sensitive
This “Important Notice” did not originate from our lender, Pioneer Bank, but from a disreputable marketer taking advantage of public records. It promises we will get the same low insurance premium rates forever and never have to take a medical exam. This deceitful missive also promises to refund 100% of premiums paid if insurance is not used by the end of your mortgage. That is easy enough for them to promise since most people do not live in their house until the end of the mortgage! By then, the insurance company, if it exists, would be out of business anyway.
The last promise made by this travesty of an insurance company is that your premiums will be automatically paid if you become unemployed. Please do not be suckered in by this entity that is not affiliated with, endorsed, authorized, or sponsored by any lending institution!