Why is payment protection Insurance not worth the paper its written on? - payment protection insurance
My son had a loan by telephone and spoke of insuranceTSRD face. He lost his job (fired), but could `nt his employer to court because she hadnt worked with the company about 12 months.
The insurance company refused to pay because he was fired ..... However, the operator said it was covered for all eventualities layer of gold because it can and what you do ... He noted the clause relating to the documentation, but he did not know. "Was Miss sells insurance.?
Thursday, January 7, 2010
Payment Protection Insurance Why Is Payment Protection Insurance Not Worth The Paper Its Written On?
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8 comments:
If a company credit for the sale, should be a red flag that is rifoff be.
Contact the company credit card and try to enforce the agreement.
I do not know if there is something you can do for him.
Good luck.
Never carry out this policy never to leave, though very trying times.
They have a very bad reputation and the insurance companies do not seem ready to condemn under all circumstances. Seller of them receive brcause 40% commission and why they are so fast ythey little shopping, and more on politics, which they sell
Insurance Ombudsman for you
insurance in general in order to make money for people who sell it.
most have a clause stating that "if they fired hard, we will not pay," because of its funds released to their guilt, by his own actions.
but it seems that your son was miss sold the policy, but the company that sells that you have not read the fine print, no
This is not the fault Companys sure that the child brings read the letter?
Sorry for your son, but it is assumed that the SAR fine print.
The only thing I is above it, ladies and loans can not pay to explain, however, say they have charged £ 5 per month until he gets another job, the way, n 'is not a bad debt.
moral
Always read the fine print and never loan, cc-cards if you can not pay, for they do not need
insurance in general in order to make money for people who sell it.
most have a clause stating that "if they fired hard, we will not pay," because of its funds released to their guilt, by his own actions.
but it seems that your son was miss sold the policy, but the company that sells that you have not read the fine print, no
This is not the fault Companys sure that the child brings read the letter?
Sorry for your son, but it is assumed that the SAR fine print.
The only thing I is above it, ladies and loans can not pay to explain, however, say they have charged £ 5 per month until he gets another job, the way, n 'is not a bad debt.
moral
Always read the fine print and never loan, cc-cards if you can not pay, for they do not need
Good question. It seems that his son was wrongly rejected .... Perhaps the clause refers only to a dismissal for lack of any kind Why do not you visit the Insurance Ombudsman? You should be able to find information if you google the title. Good luck. So many insurance companies, not away with the execution of its policy.
Your child may try to argue about whether missold insurance, but the company will probably say that you the opportunity to read the contract was, and if it is not appropriate, they cancel. You must first file a written complaint to the company, retain a copy and send recorded delivery. If the answer is not decent to do in a few weeks the same, a copy of the first letter, and also say that they bring to the FSA (the agency that regulates the lenders). or he could try to terminate the insurance, and report a portion thereof. Then payments are at least for the next few months to hand, until he finds a new job.
The answer is probable. Unfortunately, the rules for the sale of PPI has not changed (in January), which gives more protection for the customer.
Since there is a sale at a distance, his son would have said all the conditions, policies and exclusions on the phone before purchasing the product, when he was asked if he wanted only limited information. At the end of the contract should include a summary of the policy were sent (although the details are given exclusive) and the policy document (the fair should have read that - I had to cancel 14 days)
The next question is why I think (fire) - I admit that business and so must include the dismissal for performance targets and comply with the dismissal for incompetence or for disciplinary reasons.
Another question is: Was your child qualifies for the insurance if the policy was taken. Many policies you need in terms of employment for a certain time () is often more than one year. If the seller has no questions about their employment status when, in violation of FSA guidelines.
I come put in a complaint against a financial institution that the product purchased. (See policy in relation to a complaint submitted)
I (I hasten to add that if a customer wants a mortgage, rent or loan policy to protect us wonder) about their financial situation.
Policy was being sold on a monthly or single premium associated with the loan - if they are sold as single premium, then it is further evidence of mis-selling (these policies almost certainly likely to be finished in the direction of the AAT FSA).
I would add that ultimately insurance is a very important product for those who qualify it is - with the economic recession heaading apprantly important than ever to determine what would happen if not in a position to work.
The answer is probable. Unfortunately, the rules for the sale of PPI has not changed (in January), which gives more protection for the customer.
Since there is a sale at a distance, his son would have said all the conditions, policies and exclusions on the phone before purchasing the product, when he was asked if he wanted only limited information. At the end of the contract should include a summary of the policy were sent (although the details are given exclusive) and the policy document (the fair should have read that - I had to cancel 14 days)
The next question is why I think (fire) - I admit that business and so must include the dismissal for performance targets and comply with the dismissal for incompetence or for disciplinary reasons.
Another question is: Was your child qualifies for the insurance if the policy was taken. Many policies you need in terms of employment for a certain time () is often more than one year. If the seller has no questions about their employment status when, in violation of FSA guidelines.
I come put in a complaint against a financial institution that the product purchased. (See policy in relation to a complaint submitted)
I (I hasten to add that if a customer wants a mortgage, rent or loan policy to protect us wonder) about their financial situation.
Policy was being sold on a monthly or single premium associated with the loan - if they are sold as single premium, then it is further evidence of mis-selling (these policies almost certainly likely to be finished in the direction of the AAT FSA).
I would add that ultimately insurance is a very important product for those who qualify it is - with the economic recession heaading apprantly important than ever to determine what would happen if not in a position to work.
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