What To Ask Your Solicitor When You Are Making PPI Claims
Posted on May 16th, 2010
A lot of people are aware that payment protection insurance is something that’s widely mis sold throughout the UK. There are several things that you need to think about and perhaps ask your lawyer before you make PPI claims. Make sure that you’re aware of the basic process and that you understand what will be involved in making a claim.
Firstly, there are many different types of payment protection insurance. When making PPI claims you can actually claim for any of the following:
MPPI (Mortgage Payment Protection Insurance), Premium Protection Insurance, Accident Sickness and Unemployment Insurance, Accident Sickness and Redundancy Insurance, Premium Protection Insurance, Income Protection Insurance, Mortgage Payment Protection, Mortgage Payment Insurance, Loan Protection Insurance, Credit Care Insurance, Credit Care.
They actually all mean the same thing. They’re all just different terminologies used to describe exactly the same thing. If you’ve ever had a loan or a credit card, chances are there was some payment protection insurance included which may have been mis sold to you. The policies are usually over priced and most of the time they don’t offer you the protection that you really need.
One of the most commonly mis-sold ppi cover policies is unemployment cover. This sounds great and a lot of people opt for it because it is supposed to cover them for payments if they became unemployed. However, it doesn’t actually cover you for much and usually it’s very difficult to make a claim and there are hundreds of circumstances which aren’t covered.
Before you make any sort of claim, you’ll need to speak to your lawyer to ensure that you understand the process involved. Make sure that you understand the terminologies that’ll be used and be sure to read everything twice and then again! Don’t waste your time by forgetting to ask questions. You can get free legal advice if you need it.
When it comes to finding a lawyer, make sure that you are aware of their fees upfront. Most of the time, when you make PPI claims, you’re likely to get all your money back and if you don’t, you won’t have to pay the lawyer. However, make sure that you think about all the outcomes before you proceed with any claim.
Similar Posts:
- What Should You Be Aware of Before Purchasing Payment Protection Insurance?
- Types of Long-Term Mortgage Protection Insurance for Sickness and Injury
- The Most Commonly Used Forms of Protection Insurance Cover
- Should the Insurance Industry Intermingle the Terms Income Protection and Payment Protection?
- Tips to a Fruitful Home Insurance
Tags: Ask, Ask Solicitor
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