Comments on: Payment Protection Insurance or PPI. What is PPI and what does it cover?

By: az baig

az baig — Sun, 02 Oct 2011 16:14:52 +0000

Hi,
I got a capital one card with 35% interest due to my bad credit history i guess…I am using that card and owe the balance around 2300 pound, from last two years I am paying the minimum amount but recently I found out that they are charging me for payment protection insurance which is around 17.50 per month…..well I didnt care
last month I came to Pakistan visitng my family here and I got some chest pain which ended on heart bypass surgery as I dont have the insurance so I paid all by self and I am still here on a bed rest….
Now could any one advise me how I make the claim from Capital one as that was the only insurance I have……….I am self emplyed working as a commission agent……did that ppi paid off the amount i owe cap1?
thanks
az

By: barry

barry — Tue, 13 Sep 2011 15:26:47 +0000

hello i took out a mortgage and at the same time it took out unemployed insurance with them if i became sick is that class as ppi

By: philip

philip — Mon, 05 Sep 2011 13:33:41 +0000

when my business folded Lloyds cancelled the PPI insurance so it has not helped. I was a director does that count as employed or self employed ?.

By: Les Bauerfield

Les Bauerfield — Sun, 23 Aug 2009 07:02:51 +0000

I paid PPI on my bank loan my car loan and to cover me if I was unemployed. I was self employed and thought I was protecting my family. I have been out of work for 10 months and I have had to fight all the way to get these payments made. The bank have just agreed to pay a small perportion of the loan about 4 months and I am still fighting to get the others. I do not need this stress when I am unwell. I told all PPI providers I was self employed now as I can not claim JSA they say can not pay me!!!

By: All to stop selling single premium Payment Protection Insurance, PPI | MoneyHighStreet.com

Wed, 25 Feb 2009 12:01:02 +0000

[...] FSA has now written to all firms selling single premium Payment Protection Insurance (PPI) with unsecured loans requesting they refrain from doing this by 29 May at the [...]

By: Diane Ray

Diane Ray — Mon, 09 Feb 2009 10:01:56 +0000

You’ll need to contact the claims administrators for the PPI policy you have. The documents you have will give a contact no / address.

When you make a claim you’ll need to provide such as a completed PPI claim form, recent bank statements and pay slips.

For a sickness or accident claim you’ll also at least need a medical certificate for the peiod you are claiming for.

The PPI claims adminstrators for your policy may also ask for other material depending on your individual circumstances.

By: Ishakk

Ishakk — Sun, 08 Feb 2009 02:29:21 +0000

Just read your great feature but can you tell me what i need if i do fall sick and how to go claiming the insurance.
eg sick note etc.

By: Mrs Patel

Mrs Patel — Wed, 28 Jan 2009 16:29:03 +0000

I took out mortgage protection with a company called “Paymentshield” and it has proved very helpful indeed.
I lost my job 8 months ago and although i felt confident that i could find another, it proved to be not so easy.
I made a claim on my insurance and they paid out, with few questions asked.
I had to fill out forms, and so did my old employer (to verify that i didnt know i was going to be made redundant) and i had to sign on at the job centre to register for work, which i was obviously going to do anyway.
So far i have not been able to find another job, but i remain positive.
The good thing is that the money from the insurance is stopping my mortgage going into arrears, and they have explained to me that they will still pay out if i stop the monthly premiums now, but if i keep them going instead, they will be able to meet my next claim if i become unemployed from my next job.
I think thats fair, and would advise anyone with a mortgage to take a look at this type of insurance.