Credit Card Insurance

A word of warning about Credit card repayment protection schemes

The people who sell you the policy and who take out your monthly payment for 'card protection' are not always (in fact, often aren't) the people who you will be dealing with in the event of a claim.

So be careful.

I took out my credit card protection cover last November (2004). I merrily watched the monthly payments being taken up to date. I recently made a claim. ) I had a heart attack and had to be off work for 8 weeks) I sent off for the claim forms, I sent them back, together with doctor's certificate; and waited. I eventually got a request from the insurance company asking me to prove that I was in work for the 6 months prior to taking out the insurance. What??? You may ask! Why? Well I called them and asked them ? Why? The answer was that it was a 'condition of the policy' that I had to have been in employment for the six months up to the time I took out the policy. 'Why was ~I not asked for this information when I took out the policy? I asked. The answer: 'You will have to ask your credit card company that, we just handle the claims. No amount of indignance of questioning got me a sensible response. I put the phone down in disgust. After all, My monthly payments were accepted with no quibble at all. Nobody asked me if I was in employment for the preceding six months when I signed on the dotted line for 'payment protection'.

I decided to call the credit card company and all I got was an automated machine asking me for my sixteen-digit account number ? ho hum. Been here before when I was trying to get them to send me out the claim form. I put the phone down.

Be warned. All is not what it seems to be. These guys will fall over themselves to sell you the payment protection. But you wait until you need to claim on it. It's a different story then.

Don't say I didn't tell you ?

Steve Kaye is a freelance Writer living in Torquay Devon. You can contact him on kaye.steve@gmail.com

---

Car Insurance Policy, Coverage and Cost Disparities--What You Must Know Before Buying!

By Mike Boerner There can be vast differences among car insurance quotes and car insurance policies currently offered in the marketplace. Use of your favorite search engine with... Read More

Insurance in Northern Ireland: Historic Difficulties

No doubt most readers will have heard of the Northern Ireland "troubles" or possibly seen some of those ghastly images from the seventies, eighties and early nineties... Read More

Finding California Truck Insurance

It's very easy to find California truck insurance on the internet today. No longer does your search require numerous phone calls, faxes, brochures, going to the office... Read More

Tips for Choosing a Life Insurance Company

More than 150 insurance companies offer thousands of life insurance products in the UK.Choosing the right company and right product from this bewildering choice is challenging. Fortunately,... Read More

A Guide to Insuring Your Sailing Dinghy

If you've just bought a dinghy or are thinking about changing insurance companies, Noble Marine's Guide to insuring your dinghy may help you decide the sort of... Read More

Health Savings Account (HSA): Do I Lose It At the End of Each Year?

The Health Savings Account (HSA) is an amazing tool to reduce healthcare expenses and insurance costs.  But do you lose it at the end of each year,... Read More

Life Insurance Careers

Do you like to spend all day being sitting around? Fixed income is good enough for you? Do you feel economic stability is not a priority right... Read More

State Farm Auto Insurance ? Heres A Few Factors That Determine Your Rate

There are many factors that affect the insurance rate you receive from State Farm Auto Insurance. Various types of coverage are available depending on the price of... Read More

Guide to Life Insurance

Here is a useful guide to life insurance. Simply put, a life insurance policy provides a lump sum payment upon death of the policy holder.In exchange for... Read More

What Are The Differences Between A Cancellation Notice And Non-renewal Notice?

OK, you take that stroll down to the mailbox excitedly as you do everyday hoping to find the catalogue with all that neat stuff you want to... Read More

Auto Insurance Basics

Most people only think that insurance is something they need so they can get their registration and tag so they can drive. It is something that they... Read More

Insurance Claim - Medical Insights And Expenses

There's nothing that has a greater impact on evaluating a personal injury insurance claim than the damage done to your body, the medical bills that are a... Read More

Long Term Care Insurance - Low Cost Alternatives For Budget Conscious Seniors!

With Nursing home Cost's running $4,000 to $6,000 a month and outpacing inflation, it is a small wonder that most seniors cannot afford the Long term Care... Read More

Reducing Soaring Insurance Claim Costs

With the soaring rise in claims to insurers from their customers, millions of pounds are being lost on a day to day basis throughout the industry in... Read More

Are You Overpaying On Your Home Insurance Policy?

For many consumers the cost of daily living is becoming increasingly higher. High gas prices, rising automobile costs and the cost of buying a new home can... Read More

Health Savings Account (HSA): What Happens to it When I Retire?

The Health Savings Account (HSA) is a great tool that is going to help us all reduce our health insurance costs and avert the current healthcare crisis... Read More

3 Important Moving Insurance Tips

Because of the many problems that can occur when you hire a moving company to transport your goods, the moving companies are required some basic insurance of... Read More

Health Insurance, What Does It Mean?

Your health insurance policy is an agreement between you and your insurance company. The policy lists a package of medical benefits such as tests, drugs and treatment... Read More

Online Health Insurance Quotes - Finding The Cheapest Rates Possible

Shopping for health insurance can be very discouraging when you become aware of the costs. If you are in search of affordable health insurance, an online quote... Read More

Life Settlement: Towards A Free Market for Life Insurance

The Life Settlement market is all about providing due access to needed cash from existing life insurance.This so-called free market referred to as the life insurance industry's... Read More

Car Insurance Advice for Young Drivers in the UK

Over the course of the last ten years, car insurance for young drivers in the UK has increased substantially.This has caused many problems for new drivers with... Read More

Natures Fury - Time to Check Your Insurance

The communities of Exmouth and Moora in Western Australia don't have a lot in common with Sydney.But this year there is a uniting bond. All have felt... Read More

Insurance for Those Who Run Bed and Breakfast Properties

A Bed and Breakfast, often referred to as a B&B, is a private residence with several rooms of which are set aside for overnight guests whose paid... Read More

Tips for First Time Insurance Buyers

The are many scary things in this world. Buying insurance for your first time should not be one of them. In the next few paragraphs, I will... Read More

We Dont Need Another Broker: How To Get The Best Liability Insurance Rates Available

Some business relationships are forged through blood and friendship. When you work for a company whose owner has a brother, sister, or best friend that sells insurance,... Read More

Finding Health Insurance for Self-Employed Individuals: A Guide For the Freelance Newbie

With a rise in those looking to venture out on their own in the business world, health insurance for self-employed workers is a priority. At first glance,... Read More