If you are living in United Kingdom then you have heard about PPI policy and the scandal that is surrounding it. Over the decade, there has been a notable rise in the MIS Sold PPI Claims cases. In such cases, people are being sold the policy that they cannot even make use of at then when they need it the most. It was in the year 2011 that a newspaper declared that banks and lenders must repay premiums to the victims. Also, your decision to Reclaim Payment Protection Insurance can be important for the expenses of your family.

It is a financial product that insures financial commitments. And, in case if the borrower suffers an accident or loses job, the policy covers you for it for a particular time. There is no denying that it is one of the best ways to protect family against unforeseen problems. As taking out PPI was vital so is the case with making claim against the mis sold policy, if you have been sold one.

The standard payout for a mis-sold policy is approximately 3000 pounds. Therefore, submitting a claim makes it really worthwhile.  In some cases, it has been noticed that compensation is balanced against the existing mortgage or loan.  

Making MIS Sold PPI Claims is imperative for all those who are aware that they have been sold the policy fraudulently. Just as taking out the insurance was important in the first place in safeguarding your family, making reclaim is equally vital. So, get started now.

Leave a Reply.