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Payment Protection

Payment Protection

Many people feel safe in the knowledge they have payment protection on their loan, mortgage or credit card, to step in and cover their payments in the event of sickness or unemployment, but is your insurance really protecting you?

Common exemptions from Payment Protection cover

Below is a list of common exemptions from Payment Protection policies. These are things that may not be covered by your policy and, if you cannot make your payments because of one of these reasons, you may not be covered.

Most policies only cover people under 65. This means if you were 65 or over when you purchased your cover or have since turned 65 your may not be covered.

Back Problems
Many people suffer from persistent back problems and are unable to work for long periods of time. Although back problems are a very common reason for people being unable to work most Payment Protection policies do not cover this.

Stress and Depression
It is all too common for people to be unable to work for short or long periods of time due to stress or depression, but most Payment Protection policies do not cover these conditions.

Relationship Breakdown
A relationship breakdown may mean that your income is quickly and dramatically reduced and you may struggle to meet monthly loan, credit card or mortgage payments. Most Payment Protection policies have no provision for this.

If you leave work to become a full time family carer
The Citizens Advice Bureau estimates that 6.6% of adults will, at some point, have to give up employment to care for a relative who is disabled, ill or in need of full time care. Most Payment Protection policies do not cover this.

Other reasons you may not be covered
Other reasons you may not be covered by your Payment Protection Insurance include: if you are in full time education, if you are self-employed, if you are retired or if you had a pre-existing medical condition when you purchased the policy.

Can I claim back for my mis-sold Payment Protection?
If you believe your Payment protection was mis-sold you can make a claim and could get your money back. Fill out the quick claim form at the top of the page and we will send you all the information you need to get started. Any questions? Call our customer care team on 0207 471 2000.

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Belmont Thornton Limited is regulated by the Financial Conduct Authority in respect of regulated claims management activities; FRN:838450

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

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* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

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