Insurance is a financial tool designed to protect you from unexpected losses. From your health to your car, insurance can offer peace of mind by providing a safety net when things go wrong.
Unfortunately, some insurance agents engage in unethical and often illegal practices, one of which is called “twisting.” In the insurance world, the twisting definition involves an agent misleading or coercing a policyholder into switching from one insurance policy to another, typically to benefit the agent through increased commissions.
This practice can be extremely harmful to policyholders, resulting in lost coverage, higher premiums, or other financial disadvantages. It’s important to be aware of twisting so you can protect yourself.
This article will provide a comprehensive overview of insurance twisting, explaining its consequences and offering guidance on how to avoid becoming a victim of this deceptive practice.
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