I naively agreed to the CCP credit card insurance policy when I signed up for a credit card last year then I forgot to cancel the policy this year before it was automatically renewed. It is €25 for 12 months cover.
Is there actually a benefit to having credit card insurance? I always assumed if some scam artist got hold of my details and bought a Porsche 911 in Togo I wouldn't be liable for the debt unless I gave him my card or details. I take it if the bank felt it was my own fault and I should pay the debt, so would the CCP insurance company. So what is the actual purpose of credit card insurance.