Insurances with Additional Products and Services, Beware!
2. Car Loans
Car loans are often bundled or tied with auto insurance. Now, this bundle may or may not be a financial burden on the insurance seeker. If one is going for a car loan, one can get an additional insurance for cars. This is so because these 2 entities belong to the same group – vehicles. If one meets with an unfortunate happening and the car gets damaged, this additional insurance comes handy. The only condition here is that the insurance agency should notify the person applying for auto loan. If this does not happen, the insurance agency seems to be cheating the loan seeker.
