How reliable are cheap car insurances?
Many people believe that just because an insurance plan is cheap, then it is reliable. However, if the person is not careful, they may find themselves paying through the nose or trading an arm and a leg just to be able to comply with the terms written in fine print. Cheap car plans can go as low as US$200 paid monthly. One man had availed of such a plan and had opened the account by paying that amount. Unfortunately, when he received the bill after four weeks, the company started charged him an additional US$70. His terms of payment went from US$200 to US$270 in just one month without prior notification. Unable to take this abuse, he decided that the best solution would be to pull out from the plan, he was informed by the customer service personnel that in order to cancel the plan, which he had availed for only four weeks prior, he must pay US$320. Moreover, when he asked for a refund of the US$270 which the company had taken from his bank account, it turns out that he will only receiv
