We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Chelsea Bld.Soc. Employment Protection Ins.
sunrisedawn
Posts: 4 Newbie
did anyone take out EPI back in 1990 with Chelsea who worked for Citi-corp
0
Comments
-
Chelsea b/soc didnt sell single premium MPPI. No bank or building society did.sunrisedawn wrote: »did anyone take out EPI back in 1990 with Chelsea who worked for Citi-corp
Are you perhaps mixing up MIG with PPI?0 -
You told them that 5 days ago. They really don't believe you.Non me fac calcitrare tuum culi0
-
The answer is unchanged from your previous request of 7th February
https://forums.moneysavingexpert.com/discussion/4434913I 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 -
Yes, or the answer I gave here;The answer is unchanged from your previous request of 7th February
https://forums.moneysavingexpert.com/discussion/4434913
https://forums.moneysavingexpert.com/discussion/comment/59306485#Comment_59306485
:A0 -
Moneyineptitude wrote: »Chelsea b/soc didnt sell single premium MPPI. No bank or building society did.
Are you perhaps mixing up MIG with PPI?
Hi There. We paid a one off payment of £900 to protect Chelsea if mortgage was not paid. We then paid £89pm Employment Protection. We worked for Citibank and remortgaged with Chelsea. Chelsea knew although we only worked for Citibank (Citi-corp) we were employed on Self employed basis. When we became unemployed they would not pay out on the premise that the policy was not for self-employed! They then re-possessed but credited the premiums to the account. Admission of fault me thinks!!!0 -
Hi There. We paid a one off payment of £900 to protect Chelsea if mortgage was not paid.
Not uncommon in the past. Most lenders used to charge a MIG but its unusual nowadays.We then paid £89pm Employment Protection.
Which is fair enough. It has nothing to do with the MIG payment though.Chelsea knew although we only worked for Citibank (Citi-corp) we were employed on Self employed basis. When we became unemployed they would not pay out on the premise that the policy was not for self-employed!
How do you know it wouldnt cover the self employed? Most do. You may be right but many people that assume self employed means you are not covered actually find out they were covered.They then re-possessed but credited the premiums to the account. Admission of fault me thinks!!!
You think wrong. It is quite common for rebates in that scenario. Even if it was wrong, the fact it was rebated means they resolved the problem.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards