There are a number of reasons why you may be able to claim back your PPI. If you can answer No to any of the questions below then you may be able to claim.
-
If the insurance was optional, were you aware of this?
-
Did the adviser explain any of the exclusions under the policy – for example, the exclusion which won't cover you if you have any pre-existing medical condition?
-
When you took out your loan, did the adviser make it clear that you would have to pay for the insurance up front in one single payment?
-
Did the adviser make it clear to you that the insurance cost would be added to the loan and you would also have to pay interest on it?
-
Single premium PPI insurance normally only lasts for 5 years. If your loan or finance agreement was for longer than this, did the adviser make it clear that the insurance would run out before you had finished paying for your loan or finance agreement?
-
Did your adviser tell you that you would continue to pay interest on the insurance premium, even after the insurance had expired?
-
Was it made clear that you did not have to agree to the PPI in order to secure the loan?
Contact us and we will assess your circumstances and advise you as to whether we believe you have a claim.
