Payment Protection Insurance Complaint »
If you buy your car on finance, then you may be offered car finance insurance to buy with it. This is intended to ensure that your repayments will be met in the event of an accident, illness or redundancy and you are unable to pay them yourself. For a monthly premium, car finance insurance cover is added to your monthly loan repayment.
There are different levels of car finance insurance to choose from, ranging from a basic package to complete cover:
- Full cover offers comprehensive payment protection with benefits including life cover, accident, sickness and involuntary unemployment or critical illness cover
- Mid level cover typically includes life, accident and sickness cover
- Basic cover provides cover for life and critical illness
The right car finance insurance plan provides peace of mind in the event that you lose your job, and can provide valuable protection for you and your family but it is advisable to thoroughly check any policy before signing on the dotted line.
If you feel that you have been treated unfairly or were mis-sold your car finance insurance policy, you could reclaim the money. Fill in our enquiry form to get help claiming it back on a no win-no fee basis. Enquiry form »