What is PPI?
PPI or Payment Protection Insurance is an insurance policy sold alongside loans, credit cards, car finance and mortgages
designed to cover repayments in the case of illness, injury or unemployment. Its estimated that 350,000 of these
policies have been sold since 2007 alone, 95% of these cases will prove to have been miss-sold, giving a conservative estimate
of the size of this market of €1 billion
This is a fantastic opportunity to help your clients to reclaim the premiums that they have paid into these largely miss- sold policies.
Payment Protection Insurance has been mis-sold on a number of policies in the following ways:
- Cover not being adequately explained
- The policy being over-priced
- A policy sold when cover is already in place
- Compulsory cover in order to get the loan
- A policy hidden inside the loan
- A policy being unsuitable due to age, employment or illness circumstances
- The customer not being informed about alternative cover by other firms
Find out more
For a better understanding of the service being provided we have uploaded a 12 minute edited version of a seminar delivered
by John Walker from PPI Exchange complete with PowerPoint slides onscreen which can be viewed here
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