Insurance is boringly complex

Overlooking purchase insurance can be costly

Software developer Ram Balakrishnan was skeptical about his credit card’s purchase security benefit when his son broke a new video game console shortly after opening the gift. But after checking with the card issuer, Balakrishnan was pleasantly surprised to receive a cheque covering the console’s full purchase price within a month of submitting a claim.purchase-insurance. Purchase security — also called purchase protection, purchase insurance or assurance — can be a great (and free) perk to have on your credit card. ….[READ]