PPI Claims – It Can Be Simple
Payment Protection Insurance has been acquired by millions of people on loans, credit cards, or mortgages. Throughout the UK, thousands of individuals have made PPI claims and if you took out Payment Protection Insurance along with your loan or mortgage, so could you. With all PPI policies there are exclusions that will lead your policy worthless. If you are unaware of the exclusions at the time of your loan then the lender mis sold you your insurance. Many of the claims that have been made have been successful and you too can make PPI claims if you were mis sold.
If you took a payment protection insurance along with a loan or mortgage you may be entitled to make a PPI claim. With each form of PPI there are exclusions that would make you making a claim null and void. Two such exclusions are if you work part time or if you are the age of retirement. If either condition applied to you at the time you gained your Payment Protection Insurance then you may be entitled to a claim.
Of the many that have made successful PPI claims were individuals that were either retired or only worked in part time employment. Mortgage, credit card and loan protection is a valuable option if you meet the requirements. If, however, you do not meet them, then the policy is null and void and making a successful claim will never happen. This is what is known as being mis sold and if you purchased the protection without the knowledge of what is excluded then you may be entitled to a refund.
Many people have made a PPI claim and have successfully been reimbursed the money they paid for their miss sold PPI policies. You too could be successful if you have wrongly been sold the policy. Mortgage, loan and income payment protection can all be valuable forms of PPI but only if you have checked the exclusions against your lifestyle. Trying to reclaim PPI can be daunting and this is what the lenders rely on, the fact that you do not know where to start and how to make a PPI claim.
March 22, 2010 at 5:48 pm Comments (0)