Can I Make a PPI Claim?
Payment Protection Insurance (PPI) can be an extremely useful product if it is sold correctly. However to ensure that it is right for the customer i.e. to ensure that it will successfully cover you in the event of accident, sickness or unemployment the seller would be required to discuss the policy and your personal circumstances with you in detail.
In the past many lenders set targets and incentivised staff to sell payment protection policies with no regard to the validity of a policy to the customer.
If you answer
NO to any of the following questions, contact us now to help you make a PPI claim.
- Were you told that the PPI was NOT compulsory and/or made aware that it was optional?
- Were you made aware of the cost of the premium on the PPI policy?
- Were you made aware that the PPI premium would be added to your loan?
- Were you made aware that you could purchase alternative PPI policies?
- Were you asked if you already had PPI or other suitable insurance cover?
- Were you told that you could cancel the policy?
- Does/did your PPI policy cover the entire duration of the loan?
- Does/did your PPI policy cover joint borrowers?
- Was your employment status fully assessed at the time you took out the PPI policy?
- Were you UNDER the age of 65 when you took out the policy?
- Were you asked about any pre-existing medical conditions when you took out the policy?