This form of insurance doesn’t quite deserve the tarred reputation that it unfortunately holds thanks to the mis-selling scandal and, in the right circumstances, it can be a financial product worth considering.<\/p>\n

When looking at quotes from different companies, always try to match the details as closely as possible to get a fair comparison. Don’t assume anything and ask questions at any stage where you feel unsure about something.<\/p>\n

Always read the policy document thoroughly before committing and ensure that you are fully aware of the instances in which you won’t be covered; it is a legal obligation for insurers to make you fully aware of these when selling you a policy.<\/p>\n

You have the right to cancel a new policy within the first 30 days and you should be refunded any premiums that you might have already paid (some costs may be deducted). You cannot be charged a specific fee for cancelling the policy. After this point, if you pay monthly premiums, you are usually able to cancel them at any time, although some insurers may specify a notice period in such a case.<\/p>\n","protected":false},"excerpt":{"rendered":"

Table of Contents The Basics Types of PPI Policy Details Excess Periods Payment Length Employment Sickness & Accidents Price & Protection Alternative Approaches Other Considerations Mention PPI to a random person on the street and their mind will invariably turn to the scandal that was…<\/p>\n","protected":false},"author":3,"featured_media":1835,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"acf":[],"yoast_head":"\n