* How long will my claim take?
All claims are different, but chances are it’ll be around three months.
* Will I need to pay anything upfront?
Definitely not. We pay all our own costs to pursue your claim.
* Will I be charged if my claim fails?
No.
* Does the policy itself have to be unreasonable or defective for me to win?
No, you have a valid claim if you were pressured into taking out the policy, or if the real costs and conditions were not made clear at the time.
* Will you claim back 100% of my premiums paid?
Yes, and this will be repaid to you in full, less our fees.
* How do you make your money?
There's nothing to pay upfront. When we’ve recovered all your premiums plus compound interest, we take a 25% fee plus VAT.
* If I’ve closed my account some time ago, can you still help me make a claim?
Yes. In most cases, we can reclaim charges for the past six years irrespective of whether the account is still open.
* Can you still help me if I’ve already started a claim against my insurance company?
As long as you have not taken your case to the Financial Ombudsman Service, we usually can. To enable us to take over the litigation, we require all the documentation by recorded delivery post. But please call us first to discuss your individual situation.
* How do I complete the consumer questionnaire
Do you need help completing the Payment Protection Insurance: Consumer Questionnaire? Click Here to get the step by step guide or call 0800 804 8425 to speak to an agent.
* What if my question isn't answered here?
Feel free to call us on 0800 954 0817 and speak to one of our highly trained Advisers, who will be happy to help.
Friday, August 6, 2010
Other types of Payment Protection Insurance
Other types of Payment Protection Insurance:
*
Mortgage Payment Protection Insurance - Often called MPI or MPPI.
*
Accident Sickness and Unemployment Insurance - Often called ASU
*
Critical Illness Cover - Often mistaken for Life Insurance
Payment Protection Companies:
It is highly advisable to seek the advice of a fully qualified FSA regulated Financial Adviser, to ensure the correct provision of the most suited payment protection product. There is never a "One-Size-Fits-All" product, as everyones needs are unique to their individual circumstances.
*
Mortgage Payment Protection Insurance - Often called MPI or MPPI.
*
Accident Sickness and Unemployment Insurance - Often called ASU
*
Critical Illness Cover - Often mistaken for Life Insurance
Payment Protection Companies:
It is highly advisable to seek the advice of a fully qualified FSA regulated Financial Adviser, to ensure the correct provision of the most suited payment protection product. There is never a "One-Size-Fits-All" product, as everyones needs are unique to their individual circumstances.
Loan Payment Protection Insurance
Loan protection insurance normally covers all of the loan repayment for the remaining period of the loan or until you return to an income, whichever is sooner. The majority of loan insurance providers will provide unemployment cover for a 12 month period, usually commencing 30 days after you lose your job, become ill etc.
The finer details:
*
Life cover loan insurance:
They will not normally pay life benefit if your death results from suicide within 12 months of the start of the cover.
*
Accident/sickness cover:
They will not normally pay if a disability results from any sickness, disease, condition or injury which you knew about or should have known about during the 12 months before the start date; normal pregnancy; self inflicted injuries; alcohol or drug abuse; chronic conditions; civil unrest, war, terrorism or nuclear radiation.
*
Unemployment cover:
They will not normally pay if you were not in continuous work for 6 months immediately before your employment ended; if at the start date you knew you were going to be made unemployed; if your employment ends within 30 days of the start date; if you become voluntarily unemployed; if you work on a fixed term contract which ends unless you have been in continuous work with the same employer for at least 24 months and your contract has been renewed at least once; if unemployment results from your own misconduct.
NB: Your cover will end if: you die; or reach 65; or the date of your earlier and final retirement; or when your loan agreement ends; or the day before the fifth anniversary of the start of cover; or the date on which all amounts are paid under the credit agreement; or the date you cancel the cover.
The finer details:
*
Life cover loan insurance:
They will not normally pay life benefit if your death results from suicide within 12 months of the start of the cover.
*
Accident/sickness cover:
They will not normally pay if a disability results from any sickness, disease, condition or injury which you knew about or should have known about during the 12 months before the start date; normal pregnancy; self inflicted injuries; alcohol or drug abuse; chronic conditions; civil unrest, war, terrorism or nuclear radiation.
*
Unemployment cover:
They will not normally pay if you were not in continuous work for 6 months immediately before your employment ended; if at the start date you knew you were going to be made unemployed; if your employment ends within 30 days of the start date; if you become voluntarily unemployed; if you work on a fixed term contract which ends unless you have been in continuous work with the same employer for at least 24 months and your contract has been renewed at least once; if unemployment results from your own misconduct.
NB: Your cover will end if: you die; or reach 65; or the date of your earlier and final retirement; or when your loan agreement ends; or the day before the fifth anniversary of the start of cover; or the date on which all amounts are paid under the credit agreement; or the date you cancel the cover.
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