PPI has been mis-sold in the UK in recent years and banks have paid out millions in refunds to customers. Using a PPI calculator can let you see how much money you are entitled to claim back from your bank or credit card company.
PPI is Payment Protection Insurance. It is designed to help you out if you become unable to make your payments on credit card debt or a loan. The insurance policy will take care of your repayments, if you become unable to make the payments due to losing your job or a significant change in your personal circumstances. These policies were routinely sold when applying for a credit card or a loan, however they were routinely sold to people who were not eligible to make a claim when the time came to it. Therefore the banks mis-sold the insurance policies. Therefore if you have PPI, there is the possibility that it may have been mis-sold to you.
PPI payments were a small amount added to your monthly credit card statement or store card bill and over a period of time this amount would quickly add up. If you were mis-sold the policy, you can claim back the amount you paid into the cover. Average refunds are around £2000. This will obviously vary depending upon the period of time that the payments were made and how large the financial agreement was. Using the PPI calculator will allow you to enter your details and be given an indicator of a possible repayment that could be owed to you.
If you do not remember taking out PPI or are unsure if you did, you should check your invoices and monthly bills that were sent to you by the company. PPI would be listed as payment protection insurance, loan protection cover or terms along those lines.
Would you like to claim back your PPI try this PPI calculator first at www.ppicalculator.org.uk
Payment protection insurance (PPI) is a unique form of insurance wherein consumers were insured for the repayment of loans in the event of the borrower’s death, illness, disability, unemployment or any other unavoidable circumstances that might prevent them from earning income in order to service the debt. PPI is not sold separately but as complementary to the credit product.
However, there were widespread cases of mis-selling of such policies. A large number of policyholders have derived no benefits and they were refused PPI claims. In fact, most of them were not even aware that they are covered by any such claim.
In 2011, banks accepted defeat in the case over compensation of mis-selling of PPI; the Financial Services Authority (FSA) ruled that banks as well as other insurance companies have to contact customers, who were sold policies without proper explanations or non-FSA compliant marketing tactics, and explain them how to get back their PPI claims.
Firstly, you need to determine if you actually have a PPI policy. This can be identified from any payments towards PPI, ‘loan care’ or ‘ASU’ (accident, sickness and unemployment) in the credit card statements; however, in case of personal loans you needs to contact the lender to ascertain the same.
One is eligible for PPI claims in clear cases of mis-selling, that is, when they were sold policies when their chance of claim on it were nil. Such instances are:
• If you happened to be self-employed, unemployed, retired individual or a student at the time of taking the policy.
• If you had a medical issue that could have abstained you from being employed and you were not warned regarding the same.
• If the entire cost of PPI was not disclosed and only the cost of loan was mentioned.
• If the firm selling the policy already had FSA action taken against it.
• If important features of the policy such as cancellation of the cover or other exclusions were not explained.
mis sold you PPI can you get a PPI refund will cost you nothing to find out !
Business insurance is very important. It is a must have for all businesses and organizations. Insurance cover is important because if losses occur, due to the occurrence of a peril that one has been covered against, the company providing the cover is required to pay the company some amount of money to cater for the losses incurred. A business should thus ensure that it is covered to prevent it from collapsing in situations where very high losses incurred due to occurrence of a peril and the business did not have any insurance cover.
The first thing that one should consider as pertaining business building insurance is to know what exactly the business insurance entails. Generally it should cover the building as a whole, electrical wiring, fixtures, telephones and any type of power installations. One should be aware that the business building insurance does not include workers compensation and any injury caused to the worker while in the premises. Excluding workers compensation will be very beneficial since the business will pay lower premiums.
Each business is faced with various risks that will greatly determine the type of business insurance that a company takes. Various things like hazard to workforce and the surrounding people, proximity to human dwelling, size and location of business may affect the risks facing the business. All these need to be considered so that one can take the most suitable business insurance.
No individual is aware of what may happen in the next minute, hour, day, week, month or year. A person should therefore always be prepared to deal with whatever kind of eventuality that life may present to them at any time. In case of occurrences of certain perils that may cause great losses to a business, one should take business insurance and thus be safe since the insurance company will pay for the losses as long as the peril was covered under the insurance contract as at the time it occurred.
Online quotes for business insurance for vans are in typical fashion geared towards small enterprise owners or individuals working as contractors in their fields of choice. Such vehicles are mostly purchased or leased while still new so as to alleviate the need for mechanical maintenance during hours of work.
The terms committed in insuring a vehicle differ slightly depending on where the owner has obtained the lien holder and recommendations imposed on the vans. Personal coverage may be limited to the minimum package or sometimes bundled with variety of options to tailor a very comprehensive deal for your vehicles. Certain elements may be varied. The elements include glass coverage, theft contents or even adjustment of liability limits during accidents.
This however depends on the specific business insurance broker chosen and the limitations it imposes on the policy. The age of the vehicle may affect van insurance online quotes. As such there is need to be sure that automatic forms which you fill via the Web are correct. There are still some brokers who offer cheaper coverage for vans which have been on the road for more than five years, or that have up-to-date mechanical inspection done.
You may opt for a vehicle with above five years of service from a dealership providing mechanical inspection certificate. Ensure that in such a case you alert your policy broker as you might be qualified for extra discounts on the overall cost of the package selected. You are also advised to compare automobile policies.
Comparing different business insurance providers guarantees you the privilege of contacting more vehicle insurers as well as getting appropriate cover for commercial automobiles. You can also cut down on premiums plus save some cash if you select the ideal service provider. Assess any information you come across in review sites relating to different packages for business insurance vehicles on offer. Consult too with trusted comrades about any commendable referrals available.