What is sliding in insurance?

Sliding in insurance is a deceptive sales practice where an insurance agent charges a higher premium than necessary by adding unnecessary coverage or features to a policy without the policyholder's knowledge or consent. This can result in the policyholder paying more for their insurance coverage than they need to.

Sliding typically occurs with add-on products or services that are bundled with the main insurance policy, such as additional coverage or features that the policyholder did not request or agree to. The agent may not disclose these added items to the policyholder, or may misrepresent them as necessary or included in the standard policy.

Sliding is illegal and unethical, as it violates the principle of good faith and fair dealing between the insurance company, the agent, and the policyholder. It is considered a form of insurance fraud and can result in disciplinary action against the agent or insurance company involved.

Policyholders should always review their insurance policies carefully before signing or agreeing to any terms, and should report any instances of sliding to the appropriate regulatory authorities. Additionally, individuals can protect themselves from sliding by working with reputable and licensed insurance agents, and by asking questions and seeking transparency about the coverage they are purchasing.