HSBC PPI Reclaim Question(s) - Sorry :)

-taff

If they had no idea they were going to be starting a new job, they were unemployed at the time it wouldn't have covered them.

I would be telling them that I was unemployed at the time of taking it out personally.

Karma wrote: »

For them to ask the question, it must mean they'll try to catch me out.

They're trying to ascertain whether or not you had a need for the PPI. It's not a trick question.

[Deleted User]

-taff wrote: »

If they had no idea they were going to be starting a new job, they were unemployed at the time and it wouldn't have covered them.

As already explained, no one can claim in the first few months anyway..

-taff

And as I explained, if they didn't know they were going to be employed, they were unemployed and therefore it wouldn't have paid out.

Shall we do this all again or are we going to leave it there?

[Deleted User]

-taff wrote: »

And as I explained, if they didn't know they were going to be employed, they were unemployed and therefore it wouldn't have paid out.

It would have paid out in exactly the same timescale as others who were employed at the time of the sale. Only if the OP had remained unemployed for an extended period (not just a few weeks) would the insurance have been useless.

-taff

I've never read in any part of my PPI conditions that the cover is not going to pay out immediately in the event of a claim, that I needed to have the cover in place for an amount of time before a payout would be authorised.

In fact, some of the agreements actually state 'you are not eligible on the date you sign your loan agreement [for the insurance] if you are unemployed'.

dunstonh

-taff wrote: »

I've never read in any part of my PPI conditions that the cover is not going to pay out immediately in the event of a claim, that I needed to have the cover in place for an amount of time before a payout would be authorised.

In fact, some of the agreement actually state 'you are not eligible on the date you sign your loan agreement [for the insurance] if you are unemployed'.

It is a normal requirement for the redundancy part of the cover for the person not to be in a probationary period, not to be aware of any potential redundancies or restructuring and there is often a period to qualify for redundancy cover (typically 3-6 months). However, accident and sickness normally covers immediately unless pre-existing condition.

-taff

Except for redundancy