We purchased the coverage from Best Buy when we financed a TV from them. At that time we were sold the insurance to cover if the principal borrower lost his employment, death, etc.
When the principal borrower did indeed loose his job, we filed a claim with the insurance at Best Buy. That was in February. To date they still have not paid our monthly credit card bill and have absolutely no intention of doing so. Their excuse is that my husband is not receiving unemployment benefits because
his ex-employer is fighting the unemployment.
What ever you do, don't get stuck forking out $50.00 monthly for something that is absolutely no good. This is a rip-off and as far as we can tell it is a way for
Best Buy to steal your money. They do not pay for loss of employment at all.
We have sent all of the paperwork they have ever requested and still nothing and at last we have been told by Best Buy that is our problem not theirs. They just
do the paperwork for the insurance company, it is not really them. Well, let me tell you Best Buy did not mind taking our money every month for the insurance payment and when you have the bottom line, we did all of our paperwork with Best Buy, not some insurance company. As far as I can tell, there probably isn't even
any coverage, just extra money going to Best Buy.
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