ppi compensation

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PPI the costs

CAB table of premiums with and without PPI

Loan Type	Loan Amount	PPI Premium	Premium as % of total loan
Unsecured personal loan	£8,933	£2,217	25%
Unsecured personal loan	£11,000	£5,133	47%
HP for car	£5,059	£2,157	43%
HP for car	£6,895	£2,317	34%
Unsecured loan	£5,600	£744	13%
Secured loan	£25,000	£12,127	49%
Secured loan	£35,000	£10,150	29%
Conditional sale for car	£4,300	£2,394	56%
Unsecured personal loan	£13,000	£3,367	26%

Source Citizens Advice Bureau evidence report

The revenue from this type of revenue is massive and the incentive to make sure you end up with PPI or some other form of payment protection is even bigger.

Claim PPI

Accident Sickness Unemployment - (ASU)

Faced with the worries of unemployment, sickness or accidents threatening to take away the security of your job and income, taking out accident, sickness and unemployment (ASU) cover or income protection seems to make perfect sense.

In theory this kind of cover typically gives you a monthly tax free income should you be unable to work.

Too many people are discovering that in reality these expensive payment protection policies often don't pay out a penny when the going gets tough. They can in fact add to your financial burdens rather than provide you with a safety net.

The small print of accident sickness and unemployment policies often contains numerous exclusion clauses. ASU insurance and ASU income protection policies are invalid if, for example, you have a pre-existing medical condition. Stress and back problems are frequently not covered. Recurring conditions are excluded. Self-employed people often have to stop trading completely in order to make a claim.

To see some examples of exclusions and policy terms click here