When is ppi invalid

Most policies do, and if yours is one of them this part of the insurance is effectively worthless. Also, most PPI policies have an upper age limit beyond which they will not pay out. So, if you were too old to make a claim when you first took out PPI you almost certainly have a claim — while if you have passed the age threshold while paying for your cover, you should seek repayment of the PPI premiums you have shelled out for since.

Pre-existing medical conditions are among the standard exclusions made under a vast array of insurance policies. In other words, very few types of cover will pay out if you need to make a claim because you become ill with a condition you have suffered from before — or with a condition that could be related back to a former sickness.

Some PPI policies will pay out when medical conditions strike, provided you have been symptom-free for a set period of time — in which case you are less likely to have been mis-sold PPI. Check the terms and conditions of your policy to be sure.

Most single premium PPI policies were set up to last for a standard five years — so if your loan or credit agreement was for longer than this, were you told you would not be covered throughout the whole period?

PPI is sold alongside credit cards, loans, finance agreements and mortgages to cover repayments if people are off work because of illness or unemployment. It is already in the spotlight amid evidence that it has been widely mis-sold. However, the ruling suggests that even if a PPI policy has not been. Subscription Notification. We have noticed that there is an issue with your subscription billing details. Please update your billing details here.

By Helen Johnson. August 30, pm Updated October 8, am. Get financial advice and industry news, to you help manage your money Email address is invalid Thank you for subscribing!

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