Do Credit Card Income & Balance Protection Policies Work?
There is some skepticism about this kind of coverage. Although it looks like a good deal and policy costs can be relatively low (costs are usually assessed as a percentage of the balance owed), balance protectors don’t always consistently deliver what they promise. This works fine for some and not so well for others. Read on Competition Commission Wants PPI Policies Banned at Point of Sale Do Self-Employed Workers Need Small Business Travel Insurance? Advantages of Payment Protection Insurance Cardholders should read the details of this kind of insurance program before they sign up. Some policies can make it hard for people to actually collect on a claim. So, it’s a good idea to look for exclusions, waiting times and deductibles to try and avoid a policy that makes it hard to claim if needed. Credit card income protection insurance does benefit some. But, some cardholders actually don’t need this kind of policy at all as they may have coverage elsewhere that may work better. Employer b
