Loan protection insurance is a kind of insurance policy designed to cover monthly loan payments should you find yourself out of work due to accident, sickness or unemployment. This type of policy is commonly referred to as PPI or payment protection insurance.
If your loan includes payment protection cover, the lender should have explained that it was optional and should have given you a clear indication of what the policy covered and what it doesn’t cover. They should have also provided you with a breakdown of the cost of the policy. If any of this was not explained to you then you may be entitled to claim compensation.
If you think that you may have been a victim of mis sold loan protection insurance then get in touch with us today for a free, no obligation assessment of your claim. We handle PPI compensation claims on a no win no fee basis so there are no upfront fees to pay.
Take the test and find out if you can claim compensation.
