subject: Claiming For Mis Sold Insurance [print this page] Claiming For Mis Sold Insurance
Have you been mis sold insurance? Even if the answer is no, it could be yes and you don't even know it! Over recent years lenders have offered payment protection insurance to the people that have taken out loans with them. There are different terms and conditions involved in this so you do need to read up and make sure it is suited to you before you sign up.
Claiming for mis sold insurance comes about when finance companies add this onto your loan without your consent. It may seem ludicrous that this would happen but unfortunately it does. It means that thousands of people are paying for a service that they have no idea what it is or how they could even take advantage of. In simple terms it means that banks are getting money in for a service that they will never actually have to provide.
Claiming for mis sold insurance should be a reasonably easy process especially if you sign up to the right company. Many companies deal with people who are claiming for mis sold insurance daily. This means that they are experience in knowing how to go about it, who to contact to start the ball rolling, how to fill in paperwork and how to make sure you get your money back as quickly as possible.
Don't feel bad about claiming this money back because at the end of the day if you are paying out for something that you never asked for then this is unfair. You would not expect to go to the supermarket and to pay for items that are not in your trolley and really this situation is no different. Just because it isn't a physical good that you can see doesn't mean that you should think of it any differently. Your bank or lender has added this on without your consent and so therefore you are entitled to claim this money back. In fact if you are claiming for mis sold insurance then you may well be entitled to claim back the interest that you have missed out on too.
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