CPP (pre 2005) now ending - need advice

SixxSixx

I've been notified that my CPP is ending for good and that I've had it since 2002. Since being notified I've only just read (a lot) about all the miss-selling etc and that was back in 2013. I 'think' it might have been M&S, but don't think I have any original paperwork. Feel a bit of a fool that I kept renewing it every 3 years, thinking I needed it. The links don't work on the archived pages. Can I do something about this?

retiredbanker1

If you mean getting a refund of old premiums paid - I don't rate your chances at all.

What made you think that you ''needed'' this policy?

You have had, IMO, ample time to a) find out what you were paying for and b) cancelling the policy if it was not fit for purpose.

CliveOfIndia

Presumably you're referring to a Card Protection Plan? If so, then you don't really have any hope of a refund. It's simply an insurance policy, like any other. You don't get a refund on the premiums for your house or car insurance at the end of the year, simply because you never needed to make a claim. Insurance is well worth it if you need it, but it's a gamble you need to consider - do the potential benefits outweigh the cost ?

For instance, you don't have to have home contents insurance. If your house burns to the ground and you lose everything, or you're unfortunate enough to be burgled, you'd be mighty glad you had it. But if you (as hopefully would be the case) never make a claim, you could argue the premiums were a waste of money.