What to do with current PPI

Loganberry1

So, I currently pay PPI. I pay unemployment payment protection (which I have used on 2 occasions after redundancies so understand I cannot claim it was missold as I obviously needed it, and thank goodness I had it. I also have a sickness and disability insurance (PPI) and life insurance- all for mortgage protection if something happens. I haven't claimed on the others but am wondering if you can claim the new part of the claim- that the banks commission was too high- on the policies, including the ones I have claimed on? I can't find this info anywhere. I don't want to cancel the policies but if I can get money back from excessive commission then I would claim.
Thanks

[Deleted User]

What do you still pay PPI on?

Banks ceased to offer it ,on anything other than mortgages,years ago?

Commission on mortgage PPI was typically in the 20-35% range. So, don't expect anything to be paid out under Plevin.

dunstonh

So, I currently pay PPI. I pay unemployment payment protection (which I have used on 2 occasions after redundancies so understand I cannot claim it was missold as I obviously needed it, and thank goodness I had it.

Regular premium standalone PPI is one of two types of PPI still retailed today. It doesnt have the same issues as credit card and loan PPI.

I don't want to cancel the policies but if I can get money back from excessive commission then I would claim.

A plevin claim would void the policy. Plus, its highly unlikely plevin would apply to standalone cover or MPPI as the commission on those was typically around 20-35%.

Loganberry1

Thank you both for your replies. The payment protection is for mortgage payments and I didn't understand the difference between the PPI people are claiming on and the one I have. Thank you, really helpful