PPI Claims are about the sale and not the product
by Simplicity Claims on December 9, 2010
There is nothing inherently wrong with payment protection insurance. The issue we have is the way in which it was mis-sold to consumers.
Some people rely on payment protection to cover them if they are unable to work due to accident, sickness or unemployment. However, many people are ineligible to claim on the policy, perhaps because they are self employed or they have pre-existing medical conditions. There are a whole raft of reasons why you may be excluded from making a claim on the policy.
A successful ppi reclaim would result in the whole of the premiums paid to date being refunded to you and on average people have paid in excess of £2,000 into these plans so it’s worth making a claim if you feel that the policy was mis sold to you.
Payment protection insurance has many different names: loan protection insurance, MPPI, PPI among others. Whatever type of plan you took out, it may be possible to claim your money back.
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