We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Compensation Claim Form Sting

I'm about to submit the form to CPP but have just seen the 'small print' which states "If you claim compensation you will have cancelled your policy, so you and anyone else covered by the policy) will lose the benefits it provides". As I read this, just by sending in the form my policy will be zapped and any forward payments I have made (its a 3 year policy) will be lost even if there is no compensation paid. A case of heads they win, tails I lose?

Comments

  • societys_child
    societys_child Posts: 7,110 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 29 July 2014 at 1:29AM
    As I read this, just by sending in the form my policy will be zapped and any forward payments I have made (its a 3 year policy) will be lost even if there is no compensation paid
    Think you're reading wrong.

    If you claim the payments back, then of course the policy will be terminated.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    Yes, claiming compensation is not the same as simply making a complaint. If your complaint fails, then your policy will remain in force.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.