Although finance firms and insurance companies already need to follow specific guidelines for selling PPI, there are many instances in which a policy may have been mis-sold. If you want to find out whether your policy was mis-sold or not, read on It will provide you with a mis-selling checklist and a detailed explanation of how to file ppi claims.
Checklist for mis-sold policies
You can find out whether you bought a policy by mistake or not by asking yourself some important questions. If you answer no to any of these questions, chance are that you have been mis-sold your payment protection plan.
- Did your insurance firm tell you that you are not required to buy the policy together with credit cards and other loans? If you were told that you have to buy it before you can be approved for a loan, you have the right to file complaints about your insurance company.
- Were you informed about the policy’s significant exclusions before you bought it? Do you know that it will not give you coverage for existing medical conditions? You have the right to file PPI claims if you did not have any idea about these exclusions.
- Payment protection insurance policies can usually last for five years. If your finance agreement lasts longer than this 5-year duration, your insurance firm has the responsibility to tell you about the disparity before you finalize your purchase. If you were not informed about this matter, you have the right to file complaints against your insurance firm.
Claiming your money back
We offer a full reclaim service for anyone who wishes to make a claim due to PPI mis-selling. Simply take our quick test and we’ll get back to you if we can assist you with a claim. There are no upfront fees for our service and we have been handling PPI claims since 2007.
