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Released: November 11, 2011
Terms of Citibank credit insurance not well disclosed
Source: David Lazarus, Los Angeles Times (Free Registration)
Insurance is one of those products you hope you never have to use. But if you do have to, you expect it to be there for you when you need it.
At the very least, you don’t want your insurer throwing curveballs at you with a lot of rigmarole about terms and conditions that you weren’t even told about in the first place.
That’s the situation Dudley Johnson, 57, of Altadena found himself in after trying to get Citibank to make good on its Credit Protector Program, which promises to safeguard people who lose their jobs by “freezing payments to your Citi account for up to two years.”
Read Full Article: Terms of Citibank credit insurance not well disclosed
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