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What Is PPI Insurance

Unless you have been out of the country for any length of time, you must have heard the news in regards to the way lenders in the UK have been blatantly mis selling PPI alongside loans of all types. Although you may not have been mis sold loan protection insurance, you surely must be aware of what it is. However, for those consumers who are taking out a loan, perhaps for the first time in their lives, they might very well be questioning, just is PPI insurance?

What Is PPI Insurance Good For?

Since we all know that very few people can draw benefits from PPI we might be tempted to ask "What is PPI insurance good for?" Actually, the underlying concept is a good one except there are so many conditions and exclusions that very few of us would ever be able to call on the benefits. It is because of this that there are so many claims against mis sold PPI. If the lender knowingly sold you an insurance policy that you weren't eligible for then, yes it is mis sold and you have every right to file a claim for a refund of premiums and any interest paid to date. If you are not familiar with the claims process, it may be in your best interest to hire a professional claims management company to act on your behalf.

What Is PPI Claims Management?

A PPI claims management company is simply a third party representative that can act on your behalf with the lender that mis sold loan insurance as well as with any other interested party named in the claim. What is PPI claims management? It is simply the name for a company that has been set up to file claims for consumers who contract their services. They are trained negotiators and have experience dealing with lenders whilst representing claimants to win back mis sold PPI. As well, if the lender should deny the claim, a PPI claims management company can take the claim through to appeal with the Financial Ombudsman Service. Again, what is claims management? They are the professionals who represent your best interests to help you get back money you shouldn't have been asked to spend on an insurance cover that will do you little good.

If you feel that you have been mis sold PPI and would like someone to represent you in filing a claim against the lender who sold you loan insurance, there is no better than Belmont Thornton, Belmont Thornton. We work on a no win no fee* basis and are registered with the Ministry of Justice, the Information Commissioner's Office and also have a Credit Consumer Licence issued by the Office of Fair Trading. We are compliant with all rules and regulations as established by the Financial Services Authority and will always act in your best interest. If you would like to speak with a member of our claims team to get on the fast track to that refund you are looking for, call the helpline on 0207 471 2000 today.


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Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.justice.gov.uk/claims-regulation number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.

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* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

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