HSBC insurance query for a newbie!

inntenso

The start of a new year and the same old attempt at sorting my finances! I'm one of those head in the sand type annoying people, shocked at the amount going out. I've just been through my HSBC statements and seen 2 payments

HSBC Life £19.29
Repayment Pro HSBC - £17.82

I'm not sure what these are to be honest, but from reading around, I guess these are life insurance and loan insurance. I certainly don't remember taking them out. I only have a credit card and a bank account (overdrawn) with them so I can only assume that these are to cover the credit card. I did have a joint mortgage with HSBC, but that was closed about 3 years ago. I took a credit card, somewhat forceably by one of their sales staff in the bank after enquiring about my finances and the possibility of getting a mortgage about 5 years ago, shortly after that the mortgage was set up, but like I said, this was closed now about 3 years ago.

I would of course like to cancel these and I suppose it would be good if I could reclaim some of these costs back. I've tried reading up on PPI but until I am 100% certain that these are the types of charges I would be eligible for claiming against

_Andy_

You can't claim the life policy back - you would have had to sign forms for that cover which presumably was done at the time you took the mortgage. There is nothing to claim back there.

The repayment protector was again probably done when the mortgage was taken, and again you would have needed to sign the agreement before the policy was set up.

It would have been your responsibility to cancel either of these if you wished to.

I don't think in either case there's any reason you'd be able to claim any costs or premiums back.

Cancelling, however, is easily done, just ring the relevant departments (of course make sure you have adequate life cover before doing so)