PPI potentially mis-sold to those who are self employed
If you were self-employed when you took out PPI, you may not be covered if your policy includes unemployment. It is essential that you check the fine print of the policy document to see whether you would be covered in the event of your company going bust. Payment protection policies often contain exclusion clauses and this can often be to the detriment of those who are self employed, as they are not covered in all circumstances.
Similarly, if you were unemployed, retired or a student, and your policy includes unemployment cover, you may have been mis-sold PPI if you took it out with a loan or credit card.
If these exclusion clauses were not pointed out to you when you took out the policy, you may be able to claim compensation. This will effectively return all the premiums you have paid to date and interest will be added on top of this.
Take our Online PPI Test and we’ll give you immediate feedback on your PPI claim.
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