Assurant Solutions PPI Question ?

[oliversarmy]

:beagle:Hi All - I have had in place a PPI Insurance Policy for some time now - I think for at least 8 years.The cover was originally provided by another company who's business was absorbed by Assurant Solutions,whom wrote at the time to advise existing customers that if they were not happy with the re-defined terms,then they could allow their policy to be terminated ! - I received a letter about a year ago advising me that the premiums would be increased - whilst they were happy to take money off me for 8 years,without me ever claiming - now they have written a second time,giving me 60 days notice that there will be another increase in premiums !!!
I think the last one was in the order of 25% - clearly companies like this want to ditch anymore potential liabilities.
My concern is that I either continue paying the premiums for this valuable cover,or is there a way the increase in premiums can be challenged ?

[calamity jane]

Re: Assurant Solutions PPI Question ?

Hi oliver.

Sorry this was missed.

Is the PPI separate or included in a loan agreement?

Most PPI'S included in agreements only cover you for the first 5 years of the term while the payments continue to the end of the term.

Is it possible for you to upload the agreement (after deleting all personal details) for someone to check?

I not sure if it's possible for you to cancel the PPI if the cover has ended, however you should look into the possibility of whether this was mis-sold or if there are any charges to reclaim.


enamae