What Is PPI
Payment Protection Insurance is a form of insurance designed to cover your repayments for a given period in the event of an accident, sickness or unemployment. If you've taken out a loan or had a credit or store card, it's likely you would have been offered Payment Protection Insurance with it. Typically PPI was mis-sold if:
- • You didn't ask for the policy but it was sold to you anyway
- • It wasn't made clear to you that the insurance was optional or a cheaper policy could be found elsewhere
- • You weren't told about significant exclusions under the policy e.g. pre-existing medical condition(s)
- • You had to pay for the PPI as a single payment and it wasn't made clear that the insurance cost would be added to the loan and you would be paying interest on it
- • You bought PPI after 14 January 2005 and were advised to take it out but weren't issued with a 'demands and needs statement' to show why a particular policy had been recommended and its suitability for you.
- • You had a Civil Service or Public Sector employment contract e.g. NHS, Police, Armed Forces, Fire Service, Education, Postal Service.
Start Your Claim
- • Unemployed
- • Retired
- • Employed on a temporary or contract basis
- • Worked less than 16 hours a week