Did you take out an Insurance Policy to pay your mortgage in case you lost your job? Were you refused payment when you made a claim?
Last year in Britain more than £1billion sterling was paid out by insurers in premium refunds to people who complained about being mis-sold payment protection insurance. AIB has already been forced to repay the premiums paid by an Irish customer. The Central Bank is now investigating after thousands of homeowners were denied payments on insurance policies taken out to pay their mortgages in the event of them losing their jobs.
Vincent Shannon points out that this type of insurance is different to mortgage protection insurance which lenders demand that mortgage holders take out and only pay out if the home owner dies
He advises that mortgage repayment insurance covers mortgage payment for one year if the insured person loses their job due to redundancies, an accident or sickness.
Shannons Solicitors in Swords are now taking legal action on behalf of people who have bought polices where exclusion clauses were not clarified when the policy was sold.
If this applies to you contact Vincent Shannon of Shannons Solicitors in Swords immediately to join the action being taken to recover your payments made. Call Shannons on 01-8401780 or e-mail vincent@shannons.ie for a reply within 24 hours.
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