Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Information of Making a PPI Compensation Claim

By Connected Claims Subscribe to RSS | February 21st 2012 | Views:
loading
 
  



If you have been watching daily news broadcasts or monitoring online articles, you may have heard or read about the controversy surrounding payment protection insurance. This is because many people are now realising that they were mis-sold this type of policy and they are taking steps to recover the money that is rightfully theirs. Before we look into the process of PPI Compensation, here's a quick overview of what is PPI is, how to identify if you are paying for PPI and how to identify if you have been a mis sold PPI. Payment protection insurance is a type of policy designed to serve as a backup to inability to meet loan or mortgage repayments as a result of illness or short term unemployment, and by its nature is a technical and complex policy to create. Payment Protection Insurance can be a very useful product which helps consumers to protect their finances. It usually runs for 12 months, which is the allotted time that people would typically recover from their illnesses or injuries and get back to work.

If you feel that you have been mis sold PPI insurance in the past, there are ways for you to be compensated. Before going to compensated, Herein we will throw some light upon the Reasons why PPI may have been mis sold:

• Borrowers are not aware that a lump sum has been added to their loan

• Age limitations for making claims were not explained to borrowers

• You were self employed, unemployed or retired - This factor is sometimes overlooked by the advisor and if you fall into this category the policy is more than likely useless

• Long term accident and sickness policies were not offered as an alternative

• Borrowers are not aware that the insurance lasts only for the first five years but the loan may be 10, 15 or even 25 year term

So how does a borrower go about getting compensation for being mis sold a PPI policy now that you realise that you may have a claim? Then be aware there are two ways to do this. One obviously is to try and make a claim yourself, and the second is to make a claim via an agent. There are a vast number of genuine online companies who are specializing in PPI compensation. If you claim via an agent you probably stand a 95% of them winning your PPI claim in full. So do not delay as PPI compensation claims are time limited.

Connected Claims - About Author:
PPI compensation,
PPI compensation Claims

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/information-of-making-a-ppi-compensation-claim.htm

Related Insurance Articles Subscribe to RSS

Preferred Stock- Personal debt and Equity
Published by Isol on August 13th 2012 | Finance
Preferred stock options executes some degree associated with title in a company but by natural means...
 
Writing a review on debt settlement
Published by Rajkumar Kaushal on April 30th 2012 | Finance
Have you been having problems with your Debt Settlement reviews Now your worries will now be a thing...
 
How to find articles on debt settlement
Published by Rajkumar Kaushal on May 12th 2012 | Finance
One can enjoy reduction in debt settlement and its association in debt settlement articles that oper...
 
Profits of using TAXAS debt relief
Published by James Blee on February 14th 2012 | Finance
In economics language, Debt relief means to get relief from all the debts. Today, In USA debt relief...
 
Making debt settlement easier with groups
Published by Rajkumar Kaushal on May 15th 2012 | Finance
Debt settlement forms and articles have become what a lot of people are making use of when it comes ...
 
How can I get Debt Reduction? How can a debt plan help me repay my debts?
Published by Deby Suportie on March 28th 2012 | Finance
Debt reduction is a program provided by debt companies so that those who are struggling with debts c...
 
How creditors help you in learning more about bill and debt consolidation
Published by Joseph Goins on May 18th 2012 | Finance
People facing high bill problems can find a solution and relief through bill and debt consideration....
 
What precisely does Credit card debt help signify and just how can it benefit me?
Published by Deby Suportie on April 2nd 2012 | Finance
Credit card debt help is a support offered by lending companies to help those who are struggling wit...
 
Setup your own backend debt settlement office
Published by John Taylor on December 26th 2011 | Finance
It’s best to pass on all your tax settlement issues to a competent tax settlement backend. These b...
 
Simply what does debt elimination signify and how can debt management programs help you become free of debt?
Published by Deby Suportie on April 4th 2012 | Finance
Debt elimination is a service given by debt management plans to provide assistance to those who are ...
 
Consider outsourcing your debt settlement business
Published by John Taylor on December 5th 2011 | Finance
If your business involves debt resolution services, the business may quickly spin out of control due...
 
Bank debt settlement in America
Published by Govindsingh on June 26th 2012 | Finance
For you to get out of debt settlement bad during settlement of debt in bank is very important. Cashl...
 
Credit card debt Relief- There is Hope of Relief Yet
Published by James Blee on December 22nd 2011 | Finance
Some people after receiving their credit cards do not know how to use them wisely. As they are easy ...
 
Counseling debtors during debt settlement
Published by Rajkumar Kaushal on May 19th 2012 | Finance
When you are about planning for Counseling in debt settlement and debt activities, it is important t...
 
Outsourcing debt settlement is the best solution
Published by John Taylor on December 26th 2011 | Finance
If you are in the business of marketing debt resolution services, you should consider outsourcing de...
 
Resolution and reports on debt settlement
Published by Rajkumar Kaushal on April 30th 2012 | Finance
In the world of Debt Settlement report today, there are lots of programming from computer that is ta...
 
Eldridge Financial Blog: UK in recession again as recovery is ‘paralyzed’ by the European debt crisis, forecasted.
Published by Eldridge Blog on February 18th 2012 | Finance
Britain is once again suffering a recession and unemployment risks coming close into three million t...
 
Loans from debt settlement banks
Published by Rajkumar Kaushal on May 30th 2012 | Finance
In the beginning Debt settlement IIc firms that take care of loans started with products that were f...
 
Overcome student debt at the earliest with professional assistance
Published by Peter Paul on December 22nd 2011 | Finance
Student debt can leave you devastated. It can hamper your entire professional and financial future i...
 
I am in a debt management plan and have been made redundant – what can I do?
Published by James Falla on November 28th 2011 | Finance
With the possibility of wages being reduced and jobs being lost as a result of the government cuts, ...