Bank of scotland PPI advice

dunstonh

I have appreciated your notes but if you have already an insurance which will cover you for sickness and loss of a job why do you need a PPI.

If you already have insurance that does that and it is sufficient (important it is sufficient) then that can be a valid reason for complaint.

Sorry but sounds to me that who cannot have savings or other insurances should take the PPI instead of someone that has it isn't it call Payment Protection means that in case i am redundant or else i would be cover what about when they ask if you fully cover in case of sickness or redundancy what the employer pays you and i was fully covered .

Redundancy packages are discretionary. If the employer fails, then it matters not what your contract says, you may end up with just statutory minimum. So, insurance is still acceptable for covering that.

The idea is to focus on that areas of wrongdoing, ineligibility or unsuitability . Not to waste time on areas where there is no wrongdoing or where it actually indicates you do have a potential financial need.

-taff

romana23 wrote: »

I have appreciated your notes but if you have already an insurance which will cover you for sickness and loss of a job why do you need a PPI.

If the insurance you already had covered you for that, as you mention above, and it was for your mortgage, that wouldn't have covered you for a loan or for a credit card.

It would have had to have been completely separate insurance unconnected to your mortgage.

romana23_2

Dear -taff
yes was totally separate nothing to do with one that would cover mortgage:-) Thank you :-)