It pays to shop around for payment protection insurance
Although our job is to reclaim payment protection insurance on behalf of our clients, we do recognise that in some circumstances it can be beneficial to take out one of these policies. If your lender has recommended payment protection insurance, it may pay to shop around for cheaper alternatives because in many cases the cost of the payment protection plan can add a significant amount to the monthly loan repayments.
Always read the wording of the policy documentation before taking out such a policy to ensure that you are covered. Part of the problem with these policies is that people are finding themselves unable to make a successful on the policy due to exclusion clauses. Payment protection insurance may not always be suitable for you if you are self-employed or your employer already offers full sick pay should you find yourself unable to work. If in doubt, pose any questions you have to the policy provider to ensure that the level of cover is suitable for your needs.
If you have already taken out one of these policies and you feel that it was mis sold to you, get in touch with us today to see if we can claim back these premiums on your behalf. Simply complete our PPI claim form and we’ll assess your claim free of charge and without obligation.
