Claim Payment Protection Scotland
Payment Protection Scotland (PPS) reclaims mis-sold payment protection insurance for our customers throughout Scotland.
Payment Protection Insurance – is it as bad as what everyone is making out?
Payment protection insurance (PPI) has certainly been given a bad name in recent years; not surprisingly, many people assume that as an insurance product it is not fit for the modern family.
However, there may still be mileage in this insurance policy but like all insurance policies you need to check that it is the right one for you.
What is PPI?
PPI is a generic name given to an insurance policy that cover your repayments on a loan or other debt facility, should be unable to work due to illness or unemployment.
The more you pay, the more should be covered – like all insurance policies, the more it covers, the more it will cost you and so you need to be careful when adding optional extras to the policy as your premiums will soon creep up.
For example, adding redundancy cover to a PPI type policy will significantly increase the premiums.
Is it a broad enough policy or is what it offers available on another insurance policy you have – income protection insurance is similar to PPI, but offers the customer far more wide reaching cover including unemployment and, for an extra charge redundancy. The PPI that was mis-sold by the banks to thousands of customers across the UK was fixed to one loan or credit card etc.
Get the right deal and the right price – unlike the PPI policies that ware mis-sold on a massive scale to customers across Scotland from the mid 1990s onwards, you can shop around and get the best deal for your circumstances at the right price.
Buy a policy that covers YOU – unfortunately, the PPI policies mis-sold to thousands of customers across Scotland were of no benefit to them because they were self employed or retired. There are policies out there that take into account your employment circumstances.
Medical conditions need to be taken into account – as many customers of PPI in Scotland realised after they were ‘sold’ the policies, any pre-existing medical conditions were not covered by the policy. You will need to check the small print on the policy but if you want an existing condition covered, you may find you need to declare it, undergo a medical assessment in some cases and your premium may also increase as a result but the important thing to remember is, there is a policy out there that will cover you!
PPI and income protection insurances are important but not necessarily essential. Before you buy any insurance policy, why not seek independent advice and make sure you have all the essential insurances in place first.
Do you think you were sold a PPI policy for your bank that would not have met your needs and requirements? You could be entitled to compensation!
Contact Payment Protection Scotland today to find out how they can help you.
Where we can Help
We cover the following areas:
Glasgow, Edinburgh, Aberdeen, Dundee, Paisley, East Kilbride, Livingston, Cumbernauld, Hamilton, Kirkcaldy, Dunfermline, Ayr, Perth, Kilmarnock, Inverness, Greenock, Coatbridge, Glenrothes, Airdrie, Falkirk, Stirling, Irvine, Rutherglen, Dumfries, Motherwell, Wishaw, Clydebank, Bearsden, Cambuslang, Newton Mearns, Bishopbriggs, Musselburgh, Arbroath, Polmont, Elgin, Renfrew, Bellshill, Alloa, Blantyre, Dumbarton, Kirkintilloch, Clarkston, Bathgate, Stenhousemuir, Peterhead, Barrhead, Grangemouth, St Andrews, Kilwinning, Giffnock, Viewpark, Buckhaven, Penicuik, Johnstone, Erskine, Larkhall