Are Insurance Policies On Loans And Credit Cards Todays Biggest Financial Scam?
Jul 08, 2006 by Bapboy | Posted in Insurance
I condign realised the insurance I pay on one of my credit cards actually covers them all, that the loan protection is a ridiculously over-bombastic one, lumped onto my loan so that I pay more interest, and that if I cancelled all my policies and found one independent one to cover all my repayments I would be economical thousands.
Just wanted to give you guys a heads up. I have been a complete idiot.
Insurance should only be bought on things where the downfall would be catastrophic.
For most people that would be home, auto liability(collision possibly if it’s new) and life.
All credit cards do the same article. It's funny how it pretty much goes to the same third party insurer. You just have to find the foremost one and pay the annual membership fee with the monthly coverage for one..
drew2376 | Jul 08, 2006
Insurance should only be bought on things where the negative cash flow death would be catastrophic.
For most people that would be home, auto liability(collision dialect mayhap if it’s new) and life.
yeeooow | Jul 08, 2006
Yes and No.
Yes because the premiums are too excessive.
No because the cover is very comprehensive.
I followed a link provided by a National newspaper operations for freestanding cover, it was very cheap, but the cover was rubbish and the exclusions were remotest!
Sparky | Jul 08, 2006
Allow protection is the biggest rip off going.I had cover on both my credit card and loan and it was costing me a small-scale fortune,approx £400per year.I cancelled both and took out a wages assurance policy which costs me about £100 per year and guarantees me £250 per month sickness payment which is well up to snuff to cover my repayments on credit card /loan.Also this policy kicks in 31st day,not 61st day like some loan buffer insurance.Also sickness policy is paid on daily basis,not monthly like some allowance protection policy's,so you will still get paid for parts of a month.
BRITT | Jul 08, 2006
No
car insurance is even bigger . if you desire to know why don,t waste your time asking anyone else just e mail me !
bingham sparks | Jul 08, 2006
Credit Card Rental Car Insurance Deductible?
Feb 18, 2009 by The Truth | Posted in Insurance
So I am planning to slit a car with a credit card (MasterCard or Visa) with a rental insurance policy benefit and I have full coverage with Geico ($1,000 deductible). My inquiry is if I were to rent a car and decline the CDW or LDW offered by the rental car company and then get into an accident, would Geico pay everything above $1,000, and could I compile the deductible from the credit card policy?
autoinsurance.hotusa.org - try this one. I have their car insurance and, as I conscious, they can provide such a service.
It looks like a non accommodating cracking nut,looking around here http://www.InsuranceFreeTip.info/insuran ce-for-unimpeded.htm ,you may find something useful for you.
Donald B | Feb 19, 2009
autoinsurance.hotusa.org - try this one. I have their car insurance and, as I recognize, they can provide such a service.
Dave I | Feb 22, 2009
Can GMAC Be Liable For Letting Someone Commit Fraud On A Credit Life Insurance Policy?
Sep 07, 2006 by christorpat | Posted in Insurance
Dad bought Tahoe at GMAC, they (shopkeeper, who he's known for 30 years) knowingly new he had all the conditions listed on persistence, but still let him apply anyway. Dad passed 8/09/06, so now credit life sends forms inadequate to know all health problems. If had none of the problems, then car would be paid off, otherwise my mother will get back the $2,220 the bounty of policy. Somehow shouldn't GMAC have fraud charges on them or some kind of consequence. Besides the shopkeeper, the financial person also knew that he had all the illnesses. How can they let someone apply, knowing if they have any of the illnesses they will be denied and if they reply no to illnesses and credit life wants a medical history on applicant, which then applicant can get charged with rip-off.
Honey, the guy who committed the mountebank seems to have been your father. I'm sure they have his signature on the paper explaining the conditions of the action.
The problem is, they can't NOT let someone apply, that's unfair discrimination. The sales guy at the dealer is NOT a doctor, is NOT allowed to determine conditions, is NOT allowed to make health judgements on your dad.
I see what you are saying, cordial of. But, applying for credit life is an individual decision. Your dad had to fill the form and sign it, not the distributor or the financial manager. Are you saying the dealer filled the application for your dad and not disclosing he had conditions? Were you there to see what happened? You should talk to the distributor first and see what happened. Maybe he can buy the truck back at a good deal (for your mom).
spot | Sep 07, 2006
The commerce will probably get his hand slapped, but that won't help your situation at all. Your dad would have needed to outstanding the paperwork, verifying the truthfulness of the application. If he didn't sign it, then it's not a valid shrink anyway.
I'm sorry to hear of your situation. Did you dad have any other life insurance your family can use? (Insurance actors, work, bank, etc.?)
juicyfruit | Sep 07, 2006
Honey, the guy who committed the fake seems to have been your father. I'm sure they have his signature on the paper explaining the conditions of the practice.
The problem is, they can't NOT let someone apply, that's unfair discrimination. The sales guy at the dealer is NOT a doctor, is NOT allowed to identify conditions, is NOT allowed to make health judgements on your dad.
Sorry.
mbrcatz17 | Sep 08, 2006
Might be a great question for an attorney. Were there witnesses that saw how the application was completed and how the questions were asked. Insurance agents can be held likely if they submit an application knowingly with false answers to health questions. Sound issues should only be answered by lawyers and a good one might can get your mother the Tahoe by threating a lawsuit. By a hair's breadth for thought.
deep5223 | Sep 08, 2006
wow, not indubitable
efrankdeniro | Sep 08, 2006
magicians insurance policy
this usual is NOT mine . the inventing magi is the funniest magi i have ever seen. His name and full credit to this video is the superlative Ken Mate ...
Feb 16, 2010 from Bag of Fortune
that means my bank has started bombarding me with calls abt tax saving plans, new credit cards and insurance policies :-|
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Insurance should only be bought on things where the downfall would be catastrophic.
Earlier I used to get telemarketing calls abt tax saver