Florida Man Arrested for Selling Fraudulent Boat Insurance

It’s always nice to give people the benefit of the doubt, but it’s also better to be safe than sorry. Make sure you do your research and check out the company before you purchase insurance.

A Port Charlotte, FL insurance business owner is accused of selling invalid boat insurance policies. Insurance Depot owner Jack Alexander and former employee Kristin Decker-Hopkins were arrested after a state investigation.

Detectives allege the two knowingly sold policies for a company not licensed in the state.

Alexander told NBC2 he thought the company, International Water Safety Foundation, was legitimate and always had customers’ best interests at heart.

In the arrest report, investigators claim Alexander was warned more than 4 years ago that IWSF wasn’t licensed in the state.

Alexander contended any money that was collected on the policies was forwarded to the now-bankrupt Canadian company.

“Never in my wildest days did I think a company would try to do business in Florida and not be authorized,” said Alexander. “I took the company at face value.”

The business owner went on to say he believes there could be other boaters in our area insured with IWSF.

Courtesy of www.nbc-2.com.

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