If you are the owner of PPI insurance and get a letter from your bank or other lending institution informing you that you can claim the premiums you have paid for your PPI insurance, they will tell you how to claim your premiums. The reason that you are getting a letter is to let you know that you were sold a payment protection insurance plan without be told that you might not be able to claim the benefit of the insurance that you bought. That is selling insurance under false conditions. There is now a ruling stating that you are due compensation if you have a PPI insurance plan.
If you do not get a letter but own a PPI insurance plan that does not mean that you can’t file a claim for your premiums.
You can look online for websites that offer PPI claims or reclaiming forms and begin to file your claim with them. If you made a PPI claim to the bank or lending institution and it was rejected, you can get in touch with the FOS. The Financial Ombudsman Service will be able to help you to go after your PPI claim even if it was rejected by the lending company that sold the PPI insurance to you.
The situation in the courts has changed regarding PPI claim s. The recent High Court ruling might make your company take another look at your claim and send you a letter willing to return your premiums. If your lending institution does not send you a letter offering to return your premiums, you should make a claim with the FOS. In some cases, you should not wait for your lending company to send you a letter.
Some banks refused to acknowledge the ruling of the FSA and petitioned against their ruling on PPI claim s. They have tried not to return PPI insurance premiums until the court has answered their petition. Don’t wait for your company to send you a letter, file a complaint with the FOS.
