In recent years the amount of people stepping up to make a PPI claim has reached epidemic proportions. There is a great deal of confusion surrounding PPI; however, and many people remain unsure about what constitutes mis sold PPI, whether their individual PPI policy was mis-sold and whether they are entitled to make a claim.
Payment protection insurance, such as PPI Natwest, is designed to cover debt repayments if a policyholder is unable to work due to involuntary unemployment. The cover can be very beneficial, but not everyone needs it and not everyone is eligible for cover. Some specific examples of mis-selling are listed below.
The customer was over the age of sixty-five
Most PPI policies do not cover customers over the age of sixty-five. If you are over this age and were sold the policy it is likely that you may have been sold a policy you are ineligible to use.
The customer was unemployed, retired or in full time education
PPI is designed to cover for loss of employment. If you did not have a job when you took out your loan it is very unlikely you would have required this type of cover and you should not have been sold it.
The customer had a pre-existing medical condition
Most PPI policies do not cover pre-existing medical conditions. If you had a pre-existing condition you should not have been offered this cover.
The customer had cover in place elsewhere
If you already had a PPI policy or another type of insurance in place or even if you were entitled to full sick pay from your employer, it is very questionable as to whether you should have been offered this cover and how appropriate it would be for your needs.
If you believe you may have been mis-sold a PPI Natwest policy, call our team today on 0207 471 2000.
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