2. PPI or Payment Protection Insurance continues to
be an issue for the past years. Nowadays, banks and
insurance providers are examining and currently
enhancing the process of claiming for Payment
Protection Insurance.
3. At this time, before we continue on how to get PPI claims,
let us first talk about what is PPI for starters.
Payment Protection Insurance (PPI) is an insurance
coverage which is specifically designed to help a person
maintain their loan or settlement of their cards in cases
when the person (who applies for PPI) can't pay it due to
an incident, unemployment or hospitalization.
4. Today, you can find a lot of people requesting for PPI
claims but unfortunately most of them were unable to get
one. It is because most people who request for PPI have
not look into the conditions and terms in it carefully. In
connection, if you're going to get a PPI claim, it is important
that you assess first your personal condition or
circumstances to determine if you qualify for a claim. Below
are some essential things that you have to take into
account before asking for a PPI claim.
5. Your age when the PPI coverage was sold
PPI plans can only be sold to individuals who are within the age of 18
and 65. So if in the beginning you had applied for PPI when you're
younger that 18, then you can go and get a legitimate claim for
missold PPI. Also, you can find PPI policies which have an upper age
threshold in which the claim could not be made provided that you
haven't reached that age limit. In the event that you surpassed the
threshold, then you PPI would be ineffective. Therefore make sure
you check out your insurance plan.
6. Your age when the PPI coverage was sold
PPI plans can only be sold to individuals who are within the age of 18
and 65. So if in the beginning you had applied for PPI when you're
younger that 18, then you can go and get a legitimate claim for
missold PPI. Also, you can find PPI policies which have an upper age
threshold in which the claim could not be made provided that you
haven't reached that age limit. In the event that you surpassed the
threshold, then you PPI would be ineffective. Therefore make sure
you check out your insurance plan.
