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Thread: "Gap insurance" ppi

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    Default "Gap insurance" ppi

    Hi
    I am considering claiming against Vauxhall motors regarding Gap insurance mis-selling, has anyone tried to do this ?

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    Default Re: "Gap insurance" ppi

    Hi and welcome to Legal Beagles.

    Do you know if this is payment protection insurance (PPI)?

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    Default Re: "Gap insurance" ppi

    I understand like any insurance, if you believe it was mis sold, you can try making a reclaim.

    Although PPI is generally to cover for sickness/unemployment, am I correct in saying this is another type of protection?

    However, if you want to make a reclaim on this insurance you are in your right to do so if you think it was mis sold, by following the same procedures as you would when making a reclaim for PPI.

    Use the questionnaire as on link below, these were issued by the financial ombudsman service (FOS) for customers to use to make a reclaim, keep a copy for yourself in case you need to complain to the FOS later on.

    http://www.financial-ombudsman.org.u...stionnaire.doc

    Hope this helps for now.
    You send to the ones responsible for selling you the product.

    Good luck.

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    Default Re: "Gap insurance" ppi

    Thanks for the quick reply, i was led to beleive that it is a form of insurance that covers the finance companies write off value to a car owners , car value after the "event of write off", so why would i be persuaded to buy this product when i paid cash for the car.....

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    Default Re: "Gap insurance" ppi

    Hi Stevie, and welcome to you. I do PPI, but this is something new to me. As Di says, if it's insurance, then it could have been mis-sold - just like other PPI.

    It sure looks as though you were being charged for insurance that gave YOU no cover at all - it simply seems to have covered the finance company. But if you paid cash for the car, then WHO was the finance company ???

    Sure soundz dodgy to me, mate.

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    Default Re: "Gap insurance" ppi

    Thanks for the reply, i have all the paperwork in the vehicle folder, i have not looked, as it was brought to my attention as i was having a look through this marvelous site, looks i will be pestering you clever bodies with all sorts of anomalies..once again thanks for the comments

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    Default Re: "Gap insurance" ppi

    HI
    I do not think that you would bne able to reclaim this. Generally Gap insurance is built into the loan and constitues part of the charge for credit.

    It would be a legitiate compulasary part of the loan IMO

    Peter
    Last edited by Mr.Peterbard; 19th March 2012 at 21:42:PM.

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    Default Re: "Gap insurance" ppi

    Thanks for the reply Peter, i paid cash for the car ,so there was no loan as such!, albeit, i do feel stupid for paying out in advance for a product that i feel i now did not need.

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    Default Re: "Gap insurance" ppi

    Quote Originally Posted by stevie not a clue View Post
    Thanks for the reply Peter, i paid cash for the car ,so there was no loan as such!, albeit, i do feel stupid for paying out in advance for a product that i feel i now did not need.
    Deffo claim it back

    Peter

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    Default Re: "Gap insurance" ppi

    Thanks Guys, must go now early shift tomorrow, thanks for all your help

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