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Payment Protection Insurance, also referred to as PPI was introduced in order to help people with credit cards, loans, mortgages etc. Unfortunately, a great many of the policies were missold, frequently by high-pressure tactics. Often, it was sold by persons and entities that were unlicensed to sell it, and the plans themselves may have been issued by unlicensed insurers.
If you think that you have been mis-sold payment protection insurance you are best advised to contact your state insurance regulatory authority as a first step.
What else can I help you with?
What is PPI in insurance?
Payment protection insurance!
What is ppi insurance?
Payment protection insurance!
How can one obtain payment protection insurance?
You can get payment protection insurance by speaking with your insurance agent and asking whether or not the company offers such an insurance. You can try insurance agencies like Progressive or Advantage.
How many companies have ministry of justice licenses of payment protection insurance?
HSBC is a reputed insurance company in India for payment protection insurance.
Which companies provide loan payment protection insurance?
There are many companies that provide loan payment protection insurance policies. Some examples are Farmers Insurance, Cherry Creek Loans, and Ask's website.
Do teachers have payment protection insurance?
Teachers do have payment protection insurance, although many have not purchased it correctly and are paying more than they should be paying. As civil servants they have full benefit packges and are in many cases payint for that portion of protection twice.
What is the term for protection that guarantees payment to you in the event of financial loss?
Insurance is the term for protection that guarantees payment to you in the event of financial loss. It involves transferring the risk of financial loss from an individual or entity to an insurance company in exchange for a premium.
What banks provide payment protection?
As far as I'm aware and that i can find, all banks provide payment protection it would indeed be best to call the bank before hand and ask if they provide PPI (Payment protection insurance)
Is mortgage protection insurance necessary to have?
Yes and no, mortgage protection insurance is necessary to have. According to the Private Mortgage Insurance Law lenders who put less than a 20 percent down payment on there loans are required to pay private mortgage insurance or mortgage protection insurance.
Is it necessary to purchase mortgage payment protection insurance when buying a home?
"Mortgage payment protection insurance is essentially a form of life insurance. If something happens to you, your mortgage payments will be covered under the terms of your insurance plan. This insurance is definitely not necessary, and, in fact, a more standard plan like term life insurance may get you a better value for your dollar."
What services does Protection Insurance offer?
Protection Insurance covers a wide range of issues, most commonly to do with expenditure and income. Payment Protection Insurance (PPI) is a common insurance policy that ensures that the consumer will always be repaid their debt even if the borrowers circumstances do not enable them to do so. There is also Income Protection Insurance, which covers any income and not just debts. Furthermore, you can get Mortgage Protection, Family Income Protection and Loan Protection Insurances. Basically, anything that involves a payment and there is a chance that either party will not be able to comply with their part of the deal can have a Protection Insurance to ensure that the costs will always be covered, regardless of circumstance.
How do you get mortgage payment protection?
Mortgage payment protection is really a form of life insurance that you can purchase from many specialty insurers. Often times your bank can refer you to a company that offers this service.
