You are hereInsurance mis-selling
Insurance has been traditionally thought of as "Peace of mind". However, in practice it is often more the case that the Banks and Insurance companies are taking a "Piece of your pocket".
Do yourself a favour............Calculate how much you have spent on Insurance for the past five years and then check to see how much has been refunded to you for claims. You will be shocked.
The Insurance companies run their businesses rather like Casinos. And you know who the winner always is.
You can't beat the banks and insurance giants.
The current insurance scandal is payment protection insurance commonly known as PPI.
For years the banks and insurers have been mis-selling PPI to hundreds of thousands of people like you and me. People who have bought PPI because we were told it was necessary and that it was good.
The happy news is that you can reclaim mis-sold PPI premiums and interest for at least the past six years.
If you have taken out a loan during the past six years please look at your policy and see if insurance has been added to the costs. If it has been added then the chances are that you have been diddled out of a lot of money.
The Banks and insurance companies have been unwilling to stop selling PPI even though they knew that it was a bad product. Why? Because PPI has made them a fortune.
Payment protection insurance is meant to cover your repayments for one year in the event of illness, an accident or unemployment.
However, in practice the small print of the policy prevents the majority of policy holders from ever claiming.
Can you get your money back? Yes you can!