PPI & Car insurance

reason2

I have searched and seem to get mixed messages on other threads / google results.

I am hoping someone far more knowledgeable than me knows the answer here.

I had, what i believe to be PPI with my car insurance via the Elephant group of companies.
I know it was PPI esq because i used it when i lost my job to cover payments.
Now obviously i wasnt mis-sold because it was explained to me, i accepted it and used it.

But does Plevin come in to play? most results say you dont have PPI on car insurance but if it wasnt PPI what was it?

Nasqueron

It's highly unlikely you'd have PPI on car insurance and it's also highly unlikely that they'd sell payment protection as part of car insurance - even if you pay monthly and thus have a "loan", if you didn't pay, they'd simply cancel your policy and nobody in their right mind wants a cancellation on their record as premiums go through the roof. That said, they might sell a side product of payment protection.

Plevin is only applicable if there was a premium paid on the sale as part of commission and if that commission was over 50%.

You'd be best to ring up and ask them directly what policy it was and how much you paid

[Deleted User]

reason2 wrote: »

if it wasnt PPI what was it?

Ask Elephant.

They never forget.

reason2

Nasqueron wrote: »

It's highly unlikely you'd have PPI on car insurance and it's also highly unlikely that they'd sell payment protection as part of car insurance

This is what confuses me, included in my monthly payments, i paid extra in case i was unable to meet payments due to job loss.

In this case this did occur and i claimed for 3-4 months via a third party who covered the payments.

to me that sounds like PPI.

It was actually bell not elephant and this is what the policy book says

"Who the cover is underwritten by
Admiral Insurance (Gibraltar) Limited.
Type of insurance and cover
This is designed to protect your monthly motor insurance premium payments in the event
of accident, sickness, unemployment or hospitalisation.
Unemployment cover also includes giving up work to become a full time carer. "

[Deleted User]

reason2 wrote: »

In this case this did occur and i claimed for 3-4 months via a third party who covered the payments.

to me that sounds like PPI.

As you say, you were obviously not mis-sold this insurance since you knew about it and actually claimed on it.

Plevin will only apply, though, if you paid undisclosed commission of over 50%. You'll have to ask Bell.

reason2

so it was PPI?

that was my main query as i have googled all over the show and everyone seems to say PPI and car insurance is not possible.

[Deleted User]

reason2 wrote: »

so it was PPI?

that was my main query as i have googled all over the show and everyone seems to say PPI and car insurance is not possible.

Note that it not somehow wrong to have PPI, the fact that the insurance was widely mis-sold does not indicate that there is an automatic payment pending...

It's unlikely PPI would have been added to a car insurance policy, but certainly not impossible...as you found out.

reason2

oh im not going to be claiming anything, i wanted and used it, i was just reading about PPI and saw it was allegedly impossible to have PPI on car insurance so this was purely about my own curiosity on the subject.

dunstonh

Plevin applies to the potential for an unfair relationship on a credit agreement covered under the consumer credit act.

Was your car insurance paid for with a loan under the consumer credit act?

that was my main query as i have googled all over the show and everyone seems to say PPI and car insurance is not possible.

It isnt possible. However, if you take out a loan to pay the annual premium then it is possible it is on the loan.