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Can I cancell PPI after having claimed?

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Floss
Floss Posts: 9,002 Forumite
Part of the Furniture 1,000 Posts Name Dropper Photogenic
in Loans
I have a loan with NatWest, repayment #90.87pm, of which #20.36 is PPI. Last Summer my mum was terminally ill & I took 2 1/2 months off work sick to help care for her & to help sort everything out after she died. During this time I claimed 3 months PPI for my loan repayments.

Does anyone know if you can cancel PPI after you have claimed on it? I have paid #220 more than I received to date, & have quite a few months left to run.

Sorry if the answer is elsewhere - i can't find it!
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Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No!
    Nice try but at the very least they would want
    their money back and you would lose out!
  • Astaroth
    Astaroth Posts: 5,444 Forumite
    It actually depends - some PPI insurance is actually a monthly policy and not a full loan term policy and therefore can potentially be cancelled. However given that you have already claimed once (and therefore seen its advantage) why would you now want to cancel?
    All posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
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