How to cancel payment protection insurance

Cancelling Payment Protection Insurance

Are you looking to cancel your PPI policy? If so, then it is a simple process of contacting your lender and ask them to cancel the policy. If you have taken out the policy within the last 30 days, you will usually be entitled to a full refund of the whole cost of the policy. However, if you have taken out the policy more than 30 days ago, you still have the right to cancel the policy, but the refund due will not necessarily be a pro rate refund.

If your lender refuses to cancel the policy, contact us and we will provide you with guidance on how to go about cancelling the policy.

If you feel you were mis-sold the policy, then you have a right to complain about the way the policy was sold to you. A successful complaint will usually result in a full refund of premiums, plus interest, rather than a partial refund that is issued if a policy is cancelled after the 30 day cooling off period.

Simplicity Claims specialises in pursuing PPI claims on behalf of its clients. If you wish to cancel your policy and feel it was mis-sold to you, why not take our PPI Test now to see if we can assist you with your claim? It is completely obligation free and you’ll be given immediate feedback on your claim.

Contact us by completing our claim form and we will be in touch if we feel you have a valid claim.

We manage the entire complaints process from start to finish, dealing with the financial institutions on your behalf and, if necessary, pursuing your case further.

In the event of a successful claim, your policy will normally be cancelled, as it will have been deemed to be unsuitable for your needs.

Our fee is 25% plus VAT of the total compensation amount we obtain on your behalf. This applies only to successful claims. We do not charge any upfront fees for our service.

We will deal with your claim professionally and efficiently. We are registered data controllers and will not share your information with third parties without your consent.