Report
ShipInsure.com Accused of Operating an Unlicensed Insurance Scheme
ShipInsure.com promotes “shipping protection,” but watchdogs report that they
charge fees without insurance licenses in any U.S. state.
Findings
Red Flags and Violations
Risk Transfer Product
Offers reimbursement for lost, stolen, or damaged goods a paid risk transfer product
Unverified Licensing Status
No listing found in NAIC or NIPR databases as a licensed provider
Lack of Underwriter Transparency
No disclosure of a licensed carrier underwriting the risk
Consumer Complaints & Service Failures
Customer reviews point to denied claims and weak service when protection is needed
Risks
What the Law Says
If a company collects money in exchange for promising to make
a customer whole after loss that’s insurance. And insurance
must be regulated. ShipInsure.com is not authorized by any
Department of Insurance, meaning they are likely violating:
- California Ins. Code § 700 and 1631
- New York Ins. Law § 1101
- FTC Act § 5
User Stories
Customer Experiences
Unexpected
checkout fees
Difficulty getting
claims honored
No communication from the company once a claim is filed
Customers report claims denied without valid reasons. Consumers remain unprotected after paying.
How to Take Action
