Personal Protection Insurance Claims
Unfortunately, due to a lack of staff training and internal processes, some
people were sold PPI who never had a chance of filing a successful personal protection insurance claim. Most often this is because that consumer was not eligible for the cover. Because the misselling of PPI cover
has becomes such a scandal many lenders are being forced to settle personal
protection insurance claims. If you feel that you have been mis-sold personal
protection insurance then you have every right to file a claim against the lender.
What Is Personal Protection Insurance?
There appears to be a certain amount of confusion as to exactly what personal protection insurance is. Most of us have heard about PPI cover but personal protection insurance sounds like it might be a different kind of cover. Actually, PPI, personal protection insurance and loan protection insurance are one and the same. The operating principle underlying all of them is that they are supposed to provide cover to make payments if the consumer suddenly loses a job or becomes too ill to work to make payments on loans. It
can be an extremely expensive insurance product and has a high number of
exemptions.
Lenders Rejecting Personal Protection Insurance Claims
After having been mis-sold personal protection insurance most consumers choose to lodge a complaint against their lender. This is becoming more of a scandal than earlier anticipated as it has infiltrated entire lending industry. A day doesn't go by without hearing of the personal protection insurance claim against one lender or another. As a matter of fact, lenders have had to pay so many mis sold loan insurance
claims that many are reporting record losses for the first quarter of this year.
The PPI Claim Company is regulated by the Ministry of Justice and work on a no
win no fee basis.* For further details you can contact the claims team on 0207 471 2000 A claims
handler is always on hand to answer any questions you may have. No question is too large or too small for the claims team to handle.
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