I took out a $1000.00 loan in Feb and was "sold" $250 worth of insurance including "Involuntary Unemployment", this insurance company Yosemite Insurance Co, is a subsidiary of American General Finance and their letterhead proudly states "A MEMBER OF AMERICAN INTERNATIONAL GROUP" is part of the loan company and all are under AIG. Therefore they have a vested interest in not paying these claims... NOTE: This total claim was under $400.00. They have ruined my credit by reporting 3 months worth of payments as over 90 days late!
I was laid off of my job on 12/1/08 and called to file a claim right away. I was told to wait 30 days, I did so and then sent the docs right away (Jan 2). They gave me the run around for months, I filed complaints with the BBB and the Insurance board in IN. Now they are saying that they are not paying the last payment on my claim because by the time they opened my claim made it too late for the last payment to be covered???
Now I have to pay the balance of about $150 or lose my Pathfinder! I have no job and do not understand how AIG can take my tax dollars int their big bailout and not pay on the claim I rightfully made, on insurance there company sold me! American General Finance told me they are having a lot of problems with these claims lately, of course they are itis their own company why would they pay?
It is sure a case of BIG business stomping on the little people after they got a big handout from us...
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