In the last decade, there have been a large number of successful PPI claims made in the UK against is-sold PPI policies. Having said that, we must first shed some light on what is can be considered as a mis-sold PPI. In a case where the Payment Protection Insurance is sold after furnishing misleading information or sometimes a policy is sold where you would never have qualified to claim coverage. Sometimes the sale is made without any knowledge of the customer where the Banks or lenders sell PPI as mandatory.in all these cases you are entitled to get a refund on your money through a PPI claim.
This has been a big mess, which was taking place all over. From small lenders to big lending brands, everyone has their share in this act of misleading. Today there are a lot of places that can help you claim your money back. Professional PPI claim calculators and legal experts can help you claim your PPI. A number of companies have mushroomed who can also offer expert advice on how to claim PPI.
PPI policies sold to unemployed, retired individual or an even student is a case of mis-selling. Valid PPi policies are those which were sold to a person who is under employment. There are special clauses which say that loss of income owing to illness, accidents or conditions like mental illness or backbone trouble is not covered by most of these PPI policies even though thousands of individual are rendered unemployed owing to such issues. While selling a policy if you are not informed that such cases will not be covered by your policy, you have a right to claim.
When you ask en expert how to claim PPI, one of the most recommended ways to start by getting in touch with the insurer in writing, which is one of the main steps of the complaint process for most Insurance companies. This way a financial investigator will get into the picture and delve deeper into you case.
The letter in the right format is available online; you simply have to download it and tweak it to suit your personal requirement and then send it through registered post so that you can keep a proof that the letter was received.
The financial services agencies is bound to take action to any complaints received within 5 business days and resolve the issue within two months from the date of receipt of the complaint.
You can find out more about – http://www.howtoclaimppi.org/