PPI Insurance
PPI insurance is sold to protect an individual in the event of sickness, accident or redundancy in that their payments will be made for them during these periods.
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In the past people who have purchased these products, linked to a credit agreement or mortgage have been mis-sold, and we offer a free service giving advice on this. In certain circumstances the addition of this product can make a loan unenforceable.
When a claim was made many found the policies did not provide the cover required.
Lenders in common were not driven by the quality of service to the client but by the commission received from the insurer, often well over 60% of the premium. Lenders are currently denying that they had any duty to you, the client, stating that their duty was towards the insurer for who they were acting.
We believe that there is a case to be answered and to those who were sold this product we offer a service in advising how best compensation can be achieved.
Many lenders have now stopped this practice.