Payment Protection Insurance Checklist
If you answer YES to any of the questions below, there is a good chance that you were mis sold your Payment Protection Insurance policy. N.B. If you have, or have had, more than one PPI policy in the last 10 years, even if the finance that was covered has now been repaid, you should ask yourself the questions below for EACH and every Payment Protection Insurance policy you have had.
1. Were you self-employed or not working at the time you signed up for the PPI cover?
YES ____ NO _____
2. Were you pressured into signing up for the PPI?
YES ____ NO _____
3. Were you told you had to take out the PPI at the same time as the loan?
YES ____ NO _____
4. Were you (or would you become during the course of the policy) the wrong age specified for PPI?
YES ____ NO _____
5. Were you told the PPI increased your chances of getting the loan?
YES ____ NO _____
6. Did they omit to tell you that you had a choice to look elsewhere for PPI cover?
YES ____ NO _____
7. Were you told or given the impression that the PPI cover was compulsory?
YES ____ NO _____
8. Did you have to pay upfront for the PPI but were not told that policies are available where you could pay monthly?
YES ____ NO _____
9. Did you ever increase your loan and find that your PPI premium was raised too without your consent?
YES ____ NO _____
10. Did they fail to ask if you had other insurance that would cover the loan? (It doesn’t matter if you didn’t have this, what matters is that they asked if you did. For instance, you may have had a separate loss of income protection policy through an insurer)
YES ____ NO _____
11. Did they omit to tell you there were some exclusions that might affect your eligibility to make a claim?
YES ____ NO _____
12. Did you pay an upfront payment protection premium, repay the loan early but then still not receive a refund?
YES ____ NO _____
13. Did they fail to fully explain the terms and conditions to you?
YES ____ NO _____
14. Did you ever experience a loss of income and then try to make a claim on ANY of your PPI policies?
YES ____ NO _____
If, yes, was it successful?
YES ____ NO _____
If no, why not? ___________________________