Can I claim back for Income Protection Cover ?

monkeybusiness

I have found out I've been paying £13 a month for 'Income Protection Cover' for the last 13 years, which I recall being told I had to take out in order to be able to buy a new build home, and to get the mortgage, however I have never ever had any paperwork relating to this insurance cover and don't even know what it covers. We only signed on the dotted line as we were told we couldn't buy the new build without it and thinking about it now I feel it was mis-sold. Can I claim this back ? My other half is now self employed as well so I am told we wouldn't even be able to claim on this policy if we needed to. Any advice would be appreciated.

McKneff

You can recall being told this 13 years ago. If you remember being sold it, how can you now say you have just found out that you have it....


Surely this £13 would have been on every statement, bank or othwise going out of your account for 13 years.


You would have to have some sort of proof, being 'told' isn't enough Im afraid.


Just curious, but how have you 'just found out'

societys_child

My other half is now self employed

It's his employment status at the time you took the policy that matters, for it to be considered a reason for mis-sale, and of course, the policy may cover self employed. If it doesn't, you could have cancelled it at the time he became self employed.

dunstonh

I have found out I've been paying £13 a month for 'Income Protection Cover' for the last 13 years, which I recall being told I had to take out in order to be able to buy a new build home, and to get the mortgage, however I have never ever had any paperwork relating to this insurance cover and don't even know what it covers.

If you recall how it was sold then how come you have only now found it? And after 156 payments

We only signed on the dotted line as we were told we couldn't buy the new build without it and thinking about it now I feel it was mis-sold.

Why do you think you were mis-sold?
Do you have any evidence to support your allegations?

My other half is now self employed as well so I am told we wouldn't even be able to claim on this policy if we needed to.

Most income protection covers self employed. So, it is probably a wrong assumption to think he is not covered. Plus, you say he went self employed after taking it out. So, it cant be mis-sold on that basis as mis-sale relates to time of sale. Not a later event.

What type of income protection is it? Most types are not PPI and do not suffer PPI issues.