your motor 4 u online - Insurance Articles 166

Mis-sold Ppi
I can remember going to my bank in the late 1990s to enquire about a loan for a new car. I`d fell in love with this slinky, silver sports car and being a single male at the time, with plenty of disposable income, I thought I`d treat myself to this flashy kind of motor. The bank eventually approved my loan but I was forced into taking out payment protection insurance at the same time. I`m not sure why I took it out to be honest. I think I felt pressured into taking out the policy because the person whom I spoke at the bank said it strengthen my initial loan application if PPI was in place. Nothing was explained to me about the PPI and how it would cover sickness payments or payments for the loan if I was made redundant. In fact, I think I was Mis-sold Ppi by the bank and had it not been so long ago I would put a claim in against the bank in question. Over the years countless customers have been Mis-sold Ppi policies through the banks. Huge profits could be made out of PPIs so you can see why banks would push them onto their customers. Today people are fighting back. Anyone who thinks they might have been Mis-sold Ppi polices in the past can speak to claims management firms who will take their case on and try to recover as many payments as possible.

When you disagree with your insurance company, about a claim, you have options you can use without going to court.

#1. If your agent is unable to solve your problem, get the name and phone number of your insurance companies Claims Department. It?s usually an 800 number. Call and ask if they have a Consumer Complaint Department? Most do. If so, talk to them because they may be able to help you. Don?t hang up until you get the specific name of the person with whom you spoke. (Make a note of the person you talked with and hold onto that until you?ve finished with your dispute).

#2. Be ready to support your case by sending a covering letter (to that individual whom you spoke with) which contains all the documents you have to back up your position.

#3. All insurance companies have either an ?Appraisal Service? or ?Arbitration Service? to help settle differences and/or disputes. Your policy should explain these options.(If you can?t find either of these ask your agent to find them for you)!

#4. If you?ve followed their rules for resolving your dispute, and you?re still not satisfied, your own state?s insurance department should be able to help you.

#5. If, after hearing from your own insurance company?s people (your confident that you?ve not been handled properly) you should call 1 800 942-4242 ( a toll-free Consumer Information Service) sponsored by the insurance industry.

Trained personnel are available to assist consumers who have complaints. THIS ?HELP LINE? OPERATES ON EASTERN TIME, MONDAY THRU FRIDAY, 8:00 AM - 8:00 PM.

#6. ALSO: An ?Independent Arbitrator?, who allegedly has experience in insurance problems, can decide if what you?ve been told (or offered to settle your claim) is fair. You can get to them by calling THE AMERICAN ARBITRATION ASSOCIATION 1 212 484-4000 or they can be contacted (via the internet) at .

#7. MEDIATION: More often than not the Mediator does not have the authority to make a binding decision or issue an award to either party. The mediator only recommends a solution.

Mediation is a solid first step because it can negate the need for further expense on both sides. The first thing you should do is check the language in your auto insurance policy where it will spell out who will mediate (and/or arbitrate) a claim. You should submit a DEMAND FOR ARBITRATION FORM to whoever is listed in your policy. On that Demand for Arbitration Form you can specify whether you want ?MEDIATION? or ?ARBITRATION?.

DEMAND FOR ARBITRATION FORMS are available from your state?s Department Of Insurance, or you can print a copy of a Demand Form from the American Arbitration Association?s web site - - which can be found (as I?ve listed above in Number #6) at .

AS YOU MOVE ALONG WITH THE ABOVE YOU MUST NEVER FORGET THESE TWO FOLLOWING (A & B = Below) CRUCIAL FACTS:

A. Mediation is much less expensive than Arbitration.

B. The Mediation Decisions are only considered to be advisory. However, The Arbitration Rulings are absolutely binding!

DISCLAIMER: The only purpose of this article ?YOUR AUTO ACCIDENT INSURANCE LOSS - DEALING WITH YOUR COMPANY ON A DISPUTED CLAIM? is to help people understand the motor vehicle accident claim process. Neither Dan Baldyga, Peter Go nor ARTICLE CITY make any guarantee of any kind whatsoever; NOR do the purport to engage in rendering any legal service; NOR to substitute for a lawyer, an insurance adjuster, claims consultant, or the like. Where such professional help is desired it is THE INDIVIDUALS RESPONSIBILITY to obtain said services.

Dan Baldyga?s third and latest book AUTO ACCIDENT PERSONAL INJURY INSURANCE CLAIM (How To Evaluate And Settle Your Loss) can be found on the Internet at http://www.caraccidentclaims.com or http://www.autoaccidentclaims.com. This book reveals ?How To? successfully handle your motor vehicle accident claim so you won?t be taken advantage of. It also goes into detail regarding BASE (The Baldyga Auto Accident Settlement Evaluation Formula). THE BASE FORMULA explains how to determine the value of the ?Pain and Suffering? you endured - - because of your personal injury!