Maybe a little good news for some folks who have credit card insurance and have lost their job because of the Covid-19 pandemic. They might get some relief from their credit card issuers.
https://www.cbc.ca/news/canada/nova...-protector-insurance-refunds-canada-1.5548346
[FONT=&]"My jaw hit the floor," Toronto resident Allison Brown wrote in an email to CBC.
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[FONT=&]Brown is one of 13 people who have contacted CBC in the past three months to report they've been refunded a combined total of more than $50,000.
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[FONT=&]Credit card insurance is a product banks market as a way to help with credit card payments if a person loses their job or gets sick, but some customers have said they were signed up without their knowledge.
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[FONT=&]Critics say the insurance can be expensive, hard to claim and may cover only the minimum monthly payment or a small percentage of the balance owing.
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[FONT=&]Brown said she has had insurance on her PC Financial Mastercard since 2009. Until she read the CBC story, she thought it was mandatory. She was refunded almost immediately after asking for proof that she'd signed up.
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[FONT=&]"They were unable to tell me how this ended up on my account and I have zero recollection of ever having a discussion about this," she said. "They called me back less than 24 hours after my initial call to let me know they were refunding the entire amount. All $7,452.90 of it."[/FONT]