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Is this a valid reason for reclaiming ppi?
smithy1001
Posts: 18 Forumite
I had 2 credit cards,egg and lombard. At the time the agreements started and ppi added I was already covered by a hospital plan (payments made to credictors if in hospital) and personal accident plan. Are these cause for complaint?
I would like to avoid a claims company to find this out!
I would like to avoid a claims company to find this out!
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Comments
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Are these cause for complaint?
No. PPI does not overlap on benefits with a hospital cash plan.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Avoid these anyway!smithy1001 wrote: »I would like to avoid a claims company to find this out!0 -
Would accident cover overlap with ppi and would this be a valid reason for claiming a company missold ppi ? Trying not to use a company! The company i enquired with wants 30 percent of reclaim.0
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Avoid these anyway!smithy1001 wrote: »I would like to avoid a claims company to find this out!0 -
Would accident cover overlap with ppi and would this be a valid reason for claiming a company missold ppi ?
No. Accident insurance is considered a bit of a joke of a policy. its a cash cow for insurers. It doesnt overlap with PPI or income protection.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I have just had another look at another ppi agreement from another c/card I have and it covers me for sickness,accident and redundancy so I am a bit confused now how the 2 policies do not overlap!??0
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smithy1001 wrote: »I have just had another look at another ppi agreement from another c/card I have and it covers me for sickness,accident and redundancy so I am a bit confused now how the 2 policies do not overlap!??
hospital cash plans are not a form of income protection. They pay nominal amounts in the event of certain types of claim.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thanks for the reply.I understand Hospital plan not overlapping but would accident cover not overlap if it was one of the 3 items that my ccard ppi was covering me for?0
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LOL you won't give up on this overlapping thing will you?0
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but would accident cover not overlap if it was one of the 3 items that my ccard ppi was covering me for?
Accident cover in the sense it is referred to in financial services is payment of a lump sum on the loss of a limb, finger, sight etc. It is not for provision of income. Therefore that has no overlap with payment protection. Is that what you mean by accident cover?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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