What are PPI Insurance Claims?

• Posted on Autos.com Editor
• in Auto Insurance
• on October 7, 2013

PPI insurance claims stands for Payment Protection Insurance. It is a protection plan which was sold in the United Kingdom to people to protect their payments on mortgages, vehicles, credit cards or unsecured loans. Many people have been paying out to this fund, which was allegedly set up to safeguard people in case of not being able to work. Instead of which it appears it was mis-sold to many as an add-on to new purchases. There is now almost an industry of its own trying to reclaim from the firms that sold this insurance in the first place. Many times, such a policy wouldn’t have been of value to the person it was sold to.

For more info, see How Claims Affect Your Auto Insurance Rates