What is a PPI Check?

If you have had a home loan and were given a Personal Protection Insurance, you may have heard something about a Personal Protection Insurance check.

What is a Personal Protection Insurance check and are you eligible to get one? 

What is a Personal Protection Insurance check? -- Several years ago, when people took out a home loan, they were also often sold something called Personal Protection Insurance.This type of insurance was sold to people in an effort to make sure they were insured if they could no longer afford to make their mortgage payments.

The problem with Personal Protection Insurance is that it was oversold, mis-sold and sold to people that should never have been paying for it in the first place. Especially if they would not ever be able to claim on the insurance policy, or if they were already insured for the same eventuality through a different policy. 

This has led to law suits being filed, and tens of thousands of people now asking for their money back.

What is a Personal Protection Insurance check? -- This is a check you would receive if you applied for a refund of your Personal Protection Insurance and were granted it. The refund can be up to the entire amount you paid into your Personal Protection Insurance policy, as long as you have applied for that high of a refund. 

How to get a Personal Protection Insurance check? -- You can either apply for it yourself, or you can pay a service to apply for it for you. It is up to you as to what you decide to do but, if you use a service, you will lose a percentage of the money that is due to you as a commission to that service. 

View detailed information at free check for PPI.