Ppi reclaim almost certainly ensures that your insurance will be cancelled, when you are effectively saying it's not ideal to your needs and circumstances so only start the ppi reclaim process if you definitely want your insurance to come to an end.
Before starting the process of your ppi reclaim it is important to make sure that you have a valid claim. Here are some suggestions to make sure that you have a valid claim:
1. The policy started in the last six years. If you policy started in the last six years, whether you are still using it or not, start your ppi reclaim and ask your lender for a copy of the papers if you no longer have it.
2. Your policy is older but still active or led to the past six years. If your policy started over six years ago and either using it, or it ended within the last six years, start out your ppi reclaim and ask your lender a copy of the records if you no longer have it. Your chances of success with your ppi reclaim can be reduced if you've been aware of the mis-selling for some time, you've currently complained or your account is very old.
3. Your policy is older. If your policy ended over six years ago and you've got the documents, you may make ppi reclaim although your chances of success are reduced, as it depends on what you can remember regarding the sale. If your policy ended over six years ago and you also don't have the documents, it is unlikely there will be records and unlikely the ppi reclaim will be successful.
4. You have already claimed on the insurance. Until January 2010 it had been usually assumed you could not really make a mis-selling complaint in case you have already created a successful insurance claim because that would indicate the policy was suitable. Yet, proposals from the regulator right now mean more and more people could possibly be entitled to compensation.
Those who have created a claim on a ppi policy could submit a mis-selling complaint through the chances of success is unclear. However, even if you haven't successful you be able to cancel the insurance policy you've got.
Author Resource:
Harry Tomas blogs about ppi reclaim and other financial products for United Kingdom based ppiclaimsuk.co.uk . He also covers unfair mortgage charges and the financial claims industry generally, as well as writing posts on personal finance, house sales, repossession and business finance.
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")