1. PPI Claims- Important Facts That You Must Know
We all heard about PPI claims but do we actually know all the
crucial things about this? Unfortunately most of the people just
do not know what a PPI is all about and how it works actually. If
you are also one of them then this article will help you to know
about PPI. Even a few years ago, PPI or Payment Protection
Insurance considered to be an issues but now things have
changed because with the help of banks and insurance
providers, the process of PPI claiming has got really enhanced.
Before we talk about how to get PPI claim, it is really important
to know what is PPI and how does it help starters. PPI is an
insurance coverage and it is specifically designed for the
people who are unable to pay the due amount of loan for a
sudden financial crisis like accident, unemployment or
hospitalization.
Presently you can find there are a lot of people requesting for
PPI claims but unfortunately most them do not get one. Now
you might be eager to know the reason why. Well, the reason is
that most of the people just do not even go through the terms
and conditions of the PPI. If you are going to launch a PPI
claim, you must assess your financial condition first and then
finally determine whether you are actually qualified for the claim
or not.
Now it is time to know about the important factors that you
should know in order to get the claim-
Your age when you bought he PPI coverage
Only people who are within the age of 18 and 65, are entitled to
get this type of insurance plan. If you are younger than 18 or
older than 65 and someone mis-soled the insurance plan then
you can go for the legitimate claim for the PPI.
2. Are you retired, self employed or unemployed?
If you are anyone of this then you are not allowed to get PPI
and if you still have the PPI then you can go ahead for PPI
claiming.
Medical issues
People with serious medical issues are also not allowed to
have PPI and if you have medical issues and at the same time
you have payment protection insurance then you can easily
claim for getting your money back that you have already spent.
Before making the claim, it is really important to understand the
terms and the conditions of the policy very carefully.
If you want to get more details about PPI claim then you must
click here.