AVC

I received a COI from insuremyequipment.com. Couldn't have been a bigger ripoff. The client that purchased the policy did so with a fake credit card and name. When I asked the client for a credit card deposit he mentioned that he could send me a COI with me as "loss payee" in lieu of the CC deposit. Well the scumbag stole the gear and when I filed a claim it was denied due to the fact that the client who purchased the insurance did so with a fake name and credit card. Therefore, claim denied. WTF??? I would go so far as to say they might be part of the scam. If anyone has had any similar experiences I am piling them up. Already found another with same exact issue.