PPI Claims: Certain Points To Consider PPI or Payment Protection Insurance continues to be an issue for the past years. Nowadays, banks and insurance providers are examining and currently enhancing the process of claiming for Payment Protection Insurance. At this time, before we continue on how to get PPI claims, let us first talk about what is PPI for starters. Payment Protection Insurance (PPI) is an insurance coverage which is specifically designed to help a person maintain their loan or settlement of their cards in cases when the person (who applies for PPI) can't pay it due to an incident, unemployment or hospitalization. Today, you can find a lot of people requesting for ppi claims but unfortunately most of them were unable to get one. It is because most people who request for PPI have not look into the conditions and terms in it carefully. In connection, if you're going to get a PPI claim, it is important that you assess first your personal condition or circumstances to determine if you qualify for a claim. Below are some essential things that you have to take into account before asking for a PPI claim. Your age when the PPI coverage was sold PPI plans can only be sold to individuals who are within the age of 18 and 65. So if in the beginning you had applied for PPI when you're younger that 18, then you can go and get a legitimate claim for missold PPI. Also, you can find PPI policies which have an upper age threshold in which the claim could not be made provided that you haven't reached that age limit. In the event that you surpassed the threshold, then you PPI would be ineffective. Therefore make sure you check out your insurance plan. Are you retired, unemployed, self-employed after you take out a PPI? If so, then you have a great ground to make PPI claims. PPI is meaningless if you had taken it out when you are already self-employed, retired, unemployed. Those who are doing work part-time wouldn't be permitted to take out PPI. Additionally, people who are working on a short-term contract or in contract that they are likely to wind up unemployed in the future aren't eligible to get PPI also. Medical Problem when PPI was sold. Today, whenever you signed for PPI with a current health problem which lead you to end of your latest work then most probably you had a missold PPI. You can have the repayment you've done for the PPI reimbursed however this still depends upon the insurance company you had. If you are intending to get a PPI claim and this has been proven true, then chances are you will never be allowed. Now, these are just most of the factors you have to consider in making PPI claims. Understanding these particular circumstance will provide you a heads up if you are eligible or not for an insurance claim. It is therefore vital that before you apply for PPI, you had fully understood the terms and condition mentioned in its policy. If you are not certain then better ask an insurance professional.