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Is it legal for a creditor to force you have renters insurance when buying furniture on credit?
Wiki User
∙ 12y ago
I'm in Georgia. Can you prove they forced you to buy? They wouldn't give you the furniture if you didn't pay the extra? They are covering their assets. If you think you got ripped keep on trucking for a help for others.
Answer
Many creditors require that you have insurance coverage on large purchases until they are paid off. Other examples would be house and vehicle purchases. The only legal issue might be if they require you to buy the insurance from them instead of a company of your choice. Really, it protects your investment, too.
Wiki User
∙ 12y ago
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Why renting a place to live is generally cheaper than buying a home?
Renters don't own anything as a result of their payments, while homeowners do.
What are the benefits of buying insurance from a bank?
You can pay them back with out them have you pay a high price for it. Buying insurance from banks is easy and affordable as long as you go to the banks that are popular.
Is there an age limit in buying mortgage insurance?
Age 65
What does pmi stand for when buying a house?
It stands for Private Mortgage Insurance. :))
How would I go about buying income insurance and is it expensive?
Various insurance companies offer income protection insurance plans. You can learn more about income protection insurance (IPI) at en.wikipedia.org/wiki/Income_protection_insurance. Cost varies depending on the plan and provider you choose.
Can you share renters insurance with your roommates?
Renters insurance is definitely worth getting. Most agents or brokers from whom homeowners insurance can be purchased can also write renters insurance. As for renters insurance being shared... since you are renting the premises, renters insurance covers contents only (not the structure of the building). The policy that you buy will specify the meetes and bounds of what is covered. It is important that you list on the application or other document tendered by the agent, the items that you wish to insure. The value of the items will determine the amount of coverage that you buy. If you are buying the insurance with your roomate, be sure that both of you are shown to be insureds on the policy. Keep in mind, though, that if you part ways, the policy may have to be altered for the person who moved because the risk has changed (the property insured will be relocated to a new location). Get receipts, photos, and descriptions ready for each of the items, especially the expensive items, and tell your renters insurance company that you want to add additional items to your renters insurance policy.
What are the top ten brands of furniture?
MSN had an article on buying furniture. It is called 12 Tips For Buying Furniture.
Where can you get renters insurance quotes?
Renters InsuranceOnline quoting services can be useful if you know everything you need to know about balancing risk and premium. However, the cheapest policy may not be providing you the protection you need or want. I always recommend you check with a local independent agent who represents multiple companies. Also, one common mistake made when buying renters insurance is accurately valuing your personal property. A great (and FREE) tool is provided by the Insurance Information Institute. It is free downloadable software to help you figure out exactly what the replacement value of your belongings should be.
What practical features should be considered when buying kitchen furniture?
When buying kitchen furniture, one of the practical things to be considered is how easy it is to clean the kitchen furniture or equipment. Another feature to be considered when buying kitchen furniture is how much energy it can save.
What is the vat rate for furniture in andhra pradesh?
VAT for buying Furniture in A.P.
How much does Meadow Craft patio furniture cost?
Meadowcraft patio furniture can differ depending on the size and the type of furniture that you're planning on buying. It would be best to research this before buying.
Can I save money buying furniture from Raymour and Flanigan?
Raymour and Flanigan is a great way to save money when buying furniture. They have entire sections of discount and clearance furniture and sometimes have coupon codes.
How do Eskimos furnish their igloos.?
By buying furniture
What are the prices for cheap contemporary furniture?
The prices for cheap contemporary furniture can definitely vary on where the person is buying the furniture from, the brand of the furniture, among others.
Is there payment plans included with buying bedroom furniture?
It all depends on where you are buying your bedroom furniture from , but most places do have the option available where you can go on some sort of payment plan.
INSURANCE is admin or selling expense?
If you r buying a life insurance scheme & paying prm for the same then its a drawing in your books of accounts & not your expense. If you r buying general insu. For your equipments, furniture, material etc agst theft or loss or any such purpose then it is your admin exp. If you are insuring goods in transit then only it is selling exp.
when buying a used car from a small lot is or when is the person buying the car need to have insurance If the buyer had no insurance is the dealer liable?
If you are buying the car outright then it's up to you to decide when to get the insurance. If you are getting credit, you will have to have the insurance in place prior to taking possession of the vehicle.
