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Can I claim back payments from a forgotten income protection insurance policy?
shawson
Posts: 2 Newbie
I'm an idiot- I know! I had a Payment Protection insurance policy from about 7 years ago, covering income from a job I left 2 years ago! I moved house 5 years ago so haven't received any correspondence from them since then. I saw it coming out of my bank and in my mind was convinced it was life insurance... until I noticed my actual life insurance payments.
So I've been paying for this policy for years- in the last 2 years I don't think it would have covered me anyway as I don't even have the income I was insured against! I'm about to cancel it, but thought I'd post on the off-chance if anyone knows if there's anyway I can claim back previous payments? Or do I chalk this up to lost cash due to my own disorganisation (which I've already geared myself up for)?
So I've been paying for this policy for years- in the last 2 years I don't think it would have covered me anyway as I don't even have the income I was insured against! I'm about to cancel it, but thought I'd post on the off-chance if anyone knows if there's anyway I can claim back previous payments? Or do I chalk this up to lost cash due to my own disorganisation (which I've already geared myself up for)?
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Comments
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I'm about to cancel it, but thought I'd post on the off-chance if anyone knows if there's anyway I can claim back previous payments? Or do I chalk this up to lost cash due to my own disorganisation (which I've already geared myself up for)?
I believe that the latter applies.I'm an idiot- I know!
Not really, it's just an oversight. We are all prone to them from time to time.0 -
I suspected as much- thanks all the same!0
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It's worth a go, as a polite letter and see what they come back with, if it was a general income protection, unlikely, if it was for that job and wouldn't cover you, you never know
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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