Things you should know about PPI
Payment Protection Insurance (PPI), is a policy borrowers can take out to protect themselves from going into debt if they become too ill to work or suddenly lose their jobs. PPI can cover most types of debt, like personal loans, mortgages and credit cards. These are mostly offered by the lender along with the original loan, but you can take out a stand-alone policy.
If you choose to claim on your Payment Protection Insurance, there are certain things you should take into consideration. Like failing to say about any pre-existing medical conditions as this could result in you not being able to or restricting your claim.
something else you may find interesting is it can be tricky to get PPI if you work part-time, or you are employed on a temporary contract basis. Also if you are aware that you are going to be made unemployed at the time of taking out a policy then your insurance may become invalid.