A class action was recently started against Allianz claiming that the insurance company sold worthless policies. A large number of motorists fell victim to Allianz’s blatant attempt at boosting profits. Some of the products sold include GAP insurance, customer credit insurance, rim and tyre insurance, and extended warranties, many of which turned out to be complex instruments peppered with exceptions and exclusions.
Additionally, Allianz knowingly sold add-on death and disability insurance to customers with existing accident disability benefits and similar through their superannuation funds. Allianz reportedly trained and incentivized insurance agents to push these useless add-on products. Many of the insurance products sold turned out to have no inherent value to the buyers, with some spending well over $3,000. Compounding the problem is the fact that many of these policies were purchased through high-interest auto loans used to finance new car purchases.
These victims were misled and deceived into these worthless purchases by agents and salespeople expressly trained by Allianz.
Consumers do get missed throughout this process, usually because of lost details or a change of personal contact information. Through a class action suit, there isn’t a payout of your full premiums. It is also only on certain products, and the payouts are shared with the total group members.
This is why Get My Refund investigates each victim’s individual case to fight for all of the funds owed, from all accounts on all potential mis-sold products.
Get My Refund has all the knowledge and expertise necessary to make good on taking advantage of the underprivileged. Our mission is to extract proper compensation for the affected.
Who Is Eligible for the Refund?
If you purchased a motorcycle or motorcar between 1 June 2006 and 11 November 2020, you might be eligible for a refund if you meet the following conditions:
- The vehicle was financed through a loan arranged by the car dealer.
- Part of the vehicle loan was used to pay for these Allianz, OnePath, or Allianz Life insurance products:
- Consumer credit insurance (also known as loan protection insurance and repayment insurance)
- GAP insurance (also known as motor equity insurance, shortfall insurance, value protect insurance, and purchase price insurance)
- Rim and tyre insurance
- Extended motor warranty