Now that UK banks have agreed to set aside billions of pounds to pay back customers who were missold Payment Protection Insurance (PPI), consumer groups say reclaiming money should be easier. Here are the key points to note when claiming:
● Is there any limit on compensation?
No, but claims made via the Financial Ombudsman can only be enforced up to £100,000.
● How far back can I go with my complaint?
The rule of thumb is that providers will look into policies sold up to six years ago, or policies sold up to 10 years ago to customers who were only made aware of the problem three years ago.
But, as PPI is known to have been widely missold, anyone who started a policy before 2005 could still have a claim.
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Some travel insurance poises cover if the trip is cancelled because you have to work during the vacation. This would mean you had approved time off and it is revoked so now you have to work. Some written statement from an officer in the company is normally required in order for a claim to be paid.
MH Ross recently wrote about cancel for work reasons coverage in their agent newsletter:
Unforeseen work reasons*….. Req
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One of the biggest problems faced by caravan owners will be towing their precious vehicle. Jokes are always made about seeing caravans on the road, but in reality it’s no laughing matter – failing to understand touring caravan safety can have severe consequences, and learning how to tow properly should be a top priority. Here are a few tips to help you on your way.
• Load your caravan safely. When loading your caravan, it’s essential that everything is properly secured to prevent your possessions being strewn around the vehicle. Always distribute the weight evenly and put heavier items over the axle, and of course you should never exceed the maximum loading weight if you want to stay safe.
• Invest in extension mirrors. Because o
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Consumers who took out a loan or credit card in the last six years have been told to check their documents to see if they were sold loan insurance, following a decision to re-open compensation claims.
So far the average sum paid out to consumers who complain they were mis-sold payment protection insurance (PPI) is £2,750.
Barclays, RBS and HSBC announced on Sunday that they would follow the example set by Lloyds and would no longer persue a legal fight against the Financial Services Authority (FSA) concerning sales of the controversial loan cover.
All cases which were put on hold at the beginning of the High Court case in October 2010 will now be re-opened and new cases will be accepted.
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Whenever you’re looking to invest in caravan insurance, you need to bear in mind one simple point – compare all the options. Performing adequate comparisons can mean the difference between having the cover that you’re looking for and being bitterly disappointed should the worst happen, so you always need to compare static caravan insurance policies if you want to be confident in your choice.
But just what do you need to be looking for when you’re comparing them? Because it’s for a static caravan your considerations will be slightly different than if it was a tourer. You need
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