Two PPI's????

Bee19632

I took a Mortgage PPI, accident & sickness, via Northern Rock with L & G years ago I know it is not good on our part, but I forgot about it and then took another mortgage PPI, again accident & sickness, through L & G when we re mortgaged 8 years ago.
I have spoken to L & G and asked whether both would be paid out in case of illness (or accident) to which they said it would need to be assessed at the time?


Where do I stand re pay-outs if illness/accident?


Should they have sold me a second policy?


Many thanks for any help you can give,
Bee

dunstonh

I know it is not good on our part

Why? Seems quite sensible to protect a major debt with lifestyle changing consequences if it goes unpaid. That is also in part why most MPPI complaints fail.

I have spoken to L & G and asked whether both would be paid out in case of illness (or accident) to which they said it would need to be assessed at the time?

you can have multiple plans. However, the maximum payable cannot exceed 75% of your income.

Should they have sold me a second policy?

Ideally not. However, the second person wouldnt know of the first plan unless you told them. However, if the total amount payable is less than 75% of your income and both would pay out the amount then its not a problem. Although switching to a single plan using an IFA and not an L&G rep is probably the next thing to do as well.

Insider101

Bee19632 wrote: »

I took a Mortgage PPI, accident & sickness, via Northern Rock with L & G years ago I know it is not good on our part, but I forgot about it and then took another mortgage PPI, again accident & sickness, through L & G when we re mortgaged 8 years ago.
I have spoken to L & G and asked whether both would be paid out in case of illness (or accident) to which they said it would need to be assessed at the time?


Where do I stand re pay-outs if illness/accident?


Should they have sold me a second policy?


Many thanks for any help you can give,
Bee

Did they sell it to you? Or was it taken out through Northern Rock again or some other third party?

I think you need to check the terms & conditions. If you increased your mortgage amount when you remortgaged it may have been that whoever you got your mortgage through put into place a second policy to cover the increase in your monthly repayments.

If, on the other hand, you had a policy in place which was adequate for your needs and were advised to take another one which you could never have claimed on due to the overlap in cover then you may have a case against whoever sold the second one.

Do be aware that if you did go direct to legal & general and ask to take out another policy forgetting that you had already taken one, its not been sold to you, you've bought it. Therefore you can't really have any complaint about the fact.