Unpredictability of business set ups opt for Professional indemnity insurance

How Much Are You Entitled To?

Payment protection insurance, or insurance to cover the payments of a loan or credit card in the event of sickness or disability, is a very common product offered with loans in the United Kingdom. In fact, there are twenty million policies in the United Kingdom currently. Around two million of these were mis-sold to the consumers. Borrowers who were not sold these insurance products properly have a right to reclaim their premium moneys.

By:
CatherineHubbardl

Finance>
Insurancel
Jan 26, 2011

What’s So Bad About PPI?

First of all, let’s discuss what PPI actually is. PPI is payment protection insurance. This is an insurance product that is sold in conjunction with a loan product. These products can include mortgages, car loans, home improvement loans, credit lines, credit cards, and more. The PPI policy can be sold along with the loan or completely separately at the same time. The insurance policy is offered by an insurance company while the loan is a product of the financial services company.

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