The PPI claims are proposed so that the victim gets an absolute return of the losses he incurred because of mis-selling of PPI. And if you or someone you know has been a victim of mis-sold PPI, then you have all the rights to file a lawsuit and get back your due. Though with the aid of an expert solicitor, you can easily file allege, yet if the plaintiff understands the entire procedure and its phases, then the process becomes easier. It’s always advisable to reclaim your payment protection insurance with the assistance of an attorney, but it is also important to be well versed with the steps, so that your legal rights are protected.
The first and most important step is to check your policy and see that you have all the relevant paperwork. Though you can start the process without the papers also, but at later stages it will be needed to authenticate aver; hence you should try to have all the documentation in place. Once you get your policy, check for the credit amount, the insurance sum and the category of policy that you have or had. If the amount is monthly you need to calculate the total cost over the life of the policy. This is important as it gives you and your attorney a fair estimation as to how much can you claim for.
The next step would be to check that you were sold the insurance cover under what circumstances. It is important and mandatory for the PPI sellers to explain the buyers the nature of the insurance product and to also ensure that it is apt for the customer. It is very important that what was said when you were being sold the product. All the policies have certain prohibitions. Check your policy and cross verify, whether you were informed about the limitations or not. There are certain implications under which the insurance cover cannot be sold. Did your seller inform you about them? Did he tell you that policy was non-compulsory and there is a cooling off period? Was he very forceful while selling the cover or did he say that it was inexpensive and hence you should buy it? Cross check for all these details and if any such thing happened, you have a claim.
After this all you have to do is, to get in touch with an experienced claims management company or a skilled lawyer, who will go through your case and will check as to how much recompense can be made. Remember, even when you’ve annulled your mis-sold PPI and claimed back your spending it’s worth reconsidering your situation once more. After all, if you reclaim payment protection insurance and it’s successful, most likely you will retrieve all the premiums you have paid, with interest added. So, wait no longer and get you rightful!
To know more about payment protection policy: Reclaim payment protection insurance
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