Will Your PPI Claim be Rejected

It is an unpleasant fact of life that in all types of insurance, some claims are accepted while others are rejected. The reasons are as numerous as the policy holders themselves. Within the realm of PPI or Payment Protection Insurance, the number of rejections is high when compared to other insurance types. PPI claims are frequently denied and one of the most common reasons for rejection is the manner in which it is sold. It is important to understand your rights when handling mis sold PPI.

PPI is not underwritten at the time of the sale and it is sometimes taken out by customers who have not carefully considered whether it is truly right for their circumstances. Decisions are made from emotion rather than from a stance of what is best financially. They also often do not pay careful enough attention to the policy’s conditions of eligibility. If an individual seeks out and purchases a policy without advice, he or she has little recourse if there is a problem with the PPI claims process. However, there are many cases of people holding PPI policies and paying for it without the knowledge that they even have the insurance. This is possible when the insurance is written into a loan by the lender. This is a practice that is obviously potentially harmful to the consumer.