There are several people who have been sold PPI without their consent and they were even not aware of the fact that they can claim for the amount paid by them. Identifying whether your insurance policy includes a PPI is necessary to move forward for making a claim. With some important information you can not only identify whether you are eligible for making a claim or not, you can successfully receive a certain amount as compensation.
Eligibility for making a PPI claim
- PPI added to the policy without telling the customer.
- Purchased the financial product when retired or unemployed or self-employed.
- Added to the policy even if the customer had medical issues.
Basic Information For Taking The Right Move
In order to get your claims successfully, it is necessary that you work upon on all the aspects and have enough information regarding the process. There are several questions which might arise in your mind. In order to get the answers to those questions keep reading the article further.
- The first question that comes in the mind of the people is whether they have been mis-sold PPI or not. You can get an answer to this question by considering the above listed points. If there is any confusion, you can also seek the help from qualified professionals.
- The next question is the time frame for which these claims can be made. So, the customers can make a claim within six years of purchasing the policy. This is the general time limit for claiming but the individuals who have crossed this time and have proper documents related to their policy can also claim PPI. In case, you do not have proper documents, the professionals can help you in getting relevant copies from the lenders.
- Another most common question that comes in mind is the amount that can be received as compensation. So, there is no particular amount that can be received by you as compensation. It differs from person to person. There is also no guarantee that you will be successful and get your claimed amount. But in the cases that get successful, the individuals are able to get an amount that is equivalent to the amount paid by them under the PPI policy with interest.
- The customers seeking claims might also be willing to know the role and benefits of the companies helping them in the process. These professionals help the customers in receiving a good amount from the lenders and charge only if the deal is successful.
Visiting ppiclaims4you.co.uk can help you to a great deal in recovering your losses and getting the claims easily.