Basics of Making a PPI Claim

There have been many claims filed to get PPI refunds but very few have been successful thus far. One main setback is that most of those who make such claims are not eligible while others lack the basic knowledge of how to go about the whole process. That is why this article dedicates to offering all the basic things that one requires to be armed with before making an official PPI claim to his or her lender. Most of the financial institutions have put in effort to sensitize their customers about the possible scam with PPI thus raising interest for refunds.

Don’t rush into making such claims without having a substantive ground that you are qualified. Go through this article and you will understand how to approach the whole issue as a complainant. First and foremost, you need to have a clear understanding of what PPI claims are all about. You cannot push for something that you don’t know how it came up and the negative effects it brought to your life. You will seek refund only when a PPI policy was mis-sold to you and you stand at risk of losing financially. In most cases, this is done behind your back. That is the only time that you will have the confidence of saying you merit a refund.

Once that is established, you should begin the process of getting your money back by formally communicating to your lender through writing. Your PPI claim can be handled by a claims company of your choice since they are established to specifically do that. They mean good so don’t have any concerns over the one you have decided to work with. You will end up realizing that pushing for the claim on your own will be very challenging thus engaging such a company will be wise enough. Ignorant applicants never know how much to receive once the claim is successful.

That is a basic piece of information that you must know about well before deciding to seek a refund. There are calculators improvised to help applicants calculate their total refunds and they are very reliable. You can use it to determine your expected refund not to be surprised by the outcome. Generally, the amount of money you get as refund will be equivalent to the premiums that you have paid since taking the loan. Sometimes, interest might apply but not in all cases that this will be possible in a PPI claim.

What happens after your claims are overruled? That is not the end as you will have the opportunity to seek further reprieve from the Financial Ombudsman Service. Some applicants think that their lenders have the final word as far as these claims are concerned but not at all. The system allows for you to make an appeal at the Financial Ombudsman Service which you should take full advantage of.

Claiming Insurance On Your Damaged Handmade Persian Or Oriental Rug

A Persian or Oriental rug is not simply a floor covering but a work of art. A weaver has dedicated months of skilled work in order to create your unique rug or carpet, a skill that has been passed down for centuries from one generation to the next. Like the skill involved in weaving these rugs, handmade carpets are passed down from one generation to the next, becoming valuable and treasured family heirlooms that can often hold not only intrinsic but great sentimental value. Often our memories can be tied up, interwoven in the fibres of our rugs, so if the day does come when something happens to your rug it can be a distressing loss.

There are many dangers to handmade rugs from spills and stains to flooding and fire. The first step one should take before or during an insurance claim is to gain an independent retail replacement or insurance valuation on the rug. Often insurers do not understand the artistic value of a handmade rug and treat it as a standard floor covering or a used item. Gaining a replacement valuation is an effective weapon when seeking value from your insurer.

Handmade rugs are unique, and aside from the fact that your rug will have been chosen with great care and thought and replacing it with a similar or identical piece is fraught with difficulty, the sentimental value attached to your rug should be preserved if at all possible. The first stage from your insurer is to establish if the damage or stain can be removed – this is an ideal situation as it is a cheaper option for your insurer as well as preserving your rug. Certain stains will not be able to be removed once set but may be improved. A good Persian rug repair specialist should be able to repair almost any damage but it important to establish if the work required is viable given the rugs value – often repairing severe damage can cost more than the replacement value of the rug.

Once you have an idea of the replacement value of your rug, with a written valuation, you can approach your insurer with confidence that you are more likely to get a fair offer for your rug. A Persian or Oriental rug specialist will have an extensive choice when it comes to replacing your rug, but may also be able to source a rug in similar design or colour to the one you have lost. A reputable dealer will be able to help you with your valuation and claim, find you a replacement or repair or clean your rug and may even offer to buy your damaged rug from you once a replacement has been purchased.