A remaining 10.8 billion UK citizens are urged to file a claim for mis sold PPI. PPI or payment protection insurance is an effective insurance policy, but because of the unfair sales methods of bank representatives, insurance brokers and other commission-based financial advisers, PPI has become a big problem for the entire United Kingdom.
To make a PPI claim, you’ll need to consider the following details to ensure your success. First, you must know how you are mis sold PPI and how you are ineligible for the insurance policy. In this way, you can finally consult with legal experts and know your consumer rights, which can help make your claim successful.
PPI requires that customers are initially employed, within the claiming age and have an excellent health condition. If not, they are not eligible for the insurance policy. If you posses medical and employment records along with your birth certificate, using copies of these to prove that before the date of purchase you were unemployed or self employed, not within the claiming age and had a pre-existing medical condition will be effective for your claims.
Proving that you are mis sold PPI will need you to assess how your bank representative, insurance broker or any financial adviser sold you the insurance policy. You’ll need to assess the details they explained to you. If you claim that you’ve trusted the judgment of your financial adviser, you are mis sold PPI. Try to find out if your insurance broker or financial adviser worked on a commission-basis; to earn commission, they have the priority to sell you the highest-priced insurance product they have, and proving they work on commission can increase the likelihood of proving this point.
To avoid any legalities that might lead to counter-claims against you, be sure to consult with a claims expert such as http://www.ppiclaimsco.org. Most claims handling companies offer a free consultation with their claims experts. It is advised that you work with them to ensure the success of your PPI claim