What Is “Junk Insurance” & Why Is It Impacting Aussies? | 10 News+

According to Claimo, more than 5 million Australians have been sold “junk insurance,” an add-on insurance sold by the big banks and bundled with car loans, home loans or personal loans.

Claimo, for a fee, has helped secure $50 million in compensation, but they think $19 million could still be owed, despite the refund deadline lapsing in June.

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