Unfortunately, mis-sold PPI compensation claims are very popular here in the UK. Hundreds of people from all around the country have hired specialist claims management companies to help them to sue PPI providers for mis-selling insurance policies. So, how exactly can you be mis-sold a PPI policy? For one, a lender may try to tell you that PPI is compulsory and refuse to give you a loan unless you agree to PPI. PPI polices are optional, and many people are not even able to benefit from the cover they provide. Therefore, if you have been pressured into signing up for a PPI policy that you did not need, you more than likely have a mis-sold PPI compensation claim. By filing such a claim, you should be able to reclaim all of the PPI premiums that you were wrongly charged. You could also have been mis-sold a PPI policy if your lender did not ask you about any pre-existing medical conditions. Most PPI policies will not cover your monthly repayments when you fall ill, if you were suffering from an existing medical condition when you signed up for the policy. Therefore, a lender should always ask you about any pre-existing medical conditions before selling you a PPI policy. Or, at the very least, they should warn you that the policy may not provide you with the level of cover that you want or need.

Tags: mis-sold ppi, personal protection insurance, ppi

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