CPP: Claim form include pre-2005 if had after 2005

savingup80

I have searched on this forum and on the main website, and CPP site to find out the following without luck.

If I had a policy from 1999 - 2008, will filling in the claim form mean I will get compensation from 1999-2008 or just 2005-2008 (and I have to go to the bank to get the 1999-2004 compensation).

Many Thanks, hesitant to send the claim form back before I know this.

Aquamania

savingup80 wrote: »

I have searched on this forum and on the main website, and CPP site to find out the following without luck.

If I had a policy from 1999 - 2008, will filling in the claim form mean I will get compensation from 1999-2008 or just 2005-2008 (and I have to go to the bank to get the 1999-2004 compensation).

Many Thanks, hesitant to send the claim form back before I know this.

http://www.moneysavingexpert.com/reclaim/CPP-card-protection

savingup80

Yes, I have read the information on the link you posted before posting here.

"The redress scheme is only for people mis-sold card and identity protection products in 2005 and later. If you were mis-sold before 2005 (when insurance wasn't regulated), you won't have recieved a letter"

I was mis-sold via the "welcome pack" I recieved after purchasing the product in 1999 (before 2005) and have still received a claim form. My policy was automatically renewed from 2000-2008. It is not clear whether those who had active policies in or after 2005, but were initially mis-sold pre-2005, will receive compensation from the date of purchase or only the years following 2005.

If insurance companies were not regulated prior to 2005 and I was mis-sold at the point of purchase in 1999, why do I still have a claim form?

maggy50

savingup80 wrote: »

Yes, I have read the information on the link you posted before posting here.

"The redress scheme is only for people mis-sold card and identity protection products in 2005 and later. If you were mis-sold before 2005 (when insurance wasn't regulated), you won't have recieved a letter"

I was mis-sold via the "welcome pack" I recieved after purchasing the product in 1999 (before 2005) and have still received a claim form. My policy was automatically renewed from 2000-2008. It is not clear whether those who had active policies in or after 2005, but were initially mis-sold pre-2005, will receive compensation from the date of purchase or only the years following 2005.

If insurance companies were not regulated prior to 2005 and I was mis-sold at the point of purchase in 1999, why do I still have a claim form?

I have one also 1999 and I had to enquire as to who sold it to me .
Still not clear if pre regulation will be dealt with but I am just going to wait and see what Cpp compensation comes up with within the 8 weeks as advised.

Aquamania

savingup80 wrote: »

...If insurance companies were not regulated prior to 2005 and I was mis-sold at the point of purchase in 1999, why do I still have a claim form?

Because if you held it until 2008, then it sounds as if it has been renewed after 2005

philby33

had ccp since 1998 payments taken every 3 years. by Natwest credit card paid Dec 2013 for 3 years till Dec 2016 told i have to cancel policy if i make claim how do i obtain refund

have found paperwork which states £1000.000 fraud use after notifying + £5000.00 prior to notifying - benefit lost stolen cards etc

do you think i have a case??

info please
PHIL.

Aquamania

philby33 wrote: »

had ccp since 1998 payments taken every 3 years. by Natwest credit card paid Dec 2013 for 3 years till Dec 2016 told i have to cancel policy if i make claim how do i obtain refund

have found paperwork which states £1000.000 fraud use after notifying + £5000.00 prior to notifying - benefit lost stolen cards etc

do you think i have a case??

info please
PHIL.

See post#2

jillie1974

i'm not 100% on this either. But I figure if they are writing to me to say you can claim I might as well fill it in and send it off. Nothing to lose by trying

savingup80

Aquamania wrote: »

Because if you held it until 2008, then it sounds as if it has been renewed after 2005

Thanks for your response - perhaps it should read mis-sold or renewed in 2005 or later. I was mis-sold many years before 2005 and autorenewal continued by direct debit without any contact between myself and the company. As I have a claim form, you are right, renewal is interpreted as "annual selling". Perhaps it should read:

"The redress scheme is only for people mis-sold, or who renewed, card and identity protection products in 2005 and later. If you were mis-sold before 2005 (when insurance wasn't regulated), you won't have recieved a letter"

savingup80

jillie1974 wrote: »

i'm not 100% on this either. But I figure if they are writing to me to say you can claim I might as well fill it in and send it off. Nothing to lose by trying

I am going to send a claim to my bank for pre 2005 years, not stipulating a specific period though and see what they pay. I imagine if they do pay out they will say, we will only give you up to 2005 as 2005 and on will be covered under the scheme.

I am not going to send off the CPP til I hear back from the bank, as long as it doesnt take too long, because I too am concerned about the clause in the claim form that says you give up your rights to make any further claims.