Are you affected?
If you think you might be affected, the first thing to do is work out whether you have been mis-sold.
Mis-selling checklist
If you can answer ‘no’ to one or more of these questions, then you may have been mis-sold PPI.
✖ If the insurance was optional, was that made clear to you? Claim now
✖ Did the adviser tell you about any significant exclusions under the policy – for example, the exclusion that says you won't be covered for any pre-existing medical condition? Claim now
✖ If you took out a loan or finance agreement, did the adviser make it clear that you would have to pay for the insurance up front in one single payment & did they explain the cost implications? Claim now
✖ If you had to pay for the PPI as a single payment, did the adviser make it clear that the insurance cost would be added to the loan and you would be paying interest on it? Claim now
✖ Single premium PPI insurance normally only lasts for 5 years. If your loan or finance agreement was for longer than this, did the adviser make it clear that the insurance would run out before you had finished paying for your loan or finance agreement? The adviser should also have told you that you would continue to pay interest on the insurance premium, even after the insurance expired. Claim now
If you think you might be affected, the first thing to do is work out whether you have been mis-sold.
Mis-selling checklist
If you can answer ‘no’ to one or more of these questions, then you may have been mis-sold PPI.
✖ If the insurance was optional, was that made clear to you? Claim now
✖ Did the adviser tell you about any significant exclusions under the policy – for example, the exclusion that says you won't be covered for any pre-existing medical condition? Claim now
✖ If you took out a loan or finance agreement, did the adviser make it clear that you would have to pay for the insurance up front in one single payment & did they explain the cost implications? Claim now
✖ If you had to pay for the PPI as a single payment, did the adviser make it clear that the insurance cost would be added to the loan and you would be paying interest on it? Claim now
✖ Single premium PPI insurance normally only lasts for 5 years. If your loan or finance agreement was for longer than this, did the adviser make it clear that the insurance would run out before you had finished paying for your loan or finance agreement? The adviser should also have told you that you would continue to pay interest on the insurance premium, even after the insurance expired. Claim now
