Mis Sold Loan Insurance: Any Amount Is Too Much

If you have been mis sold loan insurance then you know that any amount you had to pay for the policy was too much. This is why so many people are referring to HSBC PPI claims for a refund as a HSBC PPI claim for ‘overpaid loan insurance.’ The point is that quite often we aren’t even given the opportunity to deny taking a policy out as the lender makes us believe we won’t qualify for a loan without payment protection or simply add it to the loan without our knowledge or approval. You can claim back overpaid loan insurance if the cover was mis sold as it is your legal right to do so. However, if you look back after legally purchasing loan insurance and decide you have overpaid loan insurance, you don’t have grounds to file a claim. If you are unsure, contact a professional claims management team for advice.