The Office of Consumer Affairs, Industry Canada wrote a
lengthy report in 2009 titled “Creditor Insurance, Are Consumers Being Well
Served?” The report looks into a number
of types of creditor insurance from credit cards, personal loans, mortgages and
lines of credit among others as well as who offers this coverage including
banks, credit unions, retail organizations, automobile dealers, and the list
goes on. Our blog post won’t get into
the details of the benefits of personally held insurance offered by brokers
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