In all types of insurance you have your accepted claims and your rejected claims, however with PPI there are more rejected claims than there are accepted. In most cases, the insured of PPI are not even aware that they hold the insurance.
PPI is designed to cover repayment of credit cards and loans in the event that the insured cannot pay due to uncontrollable circumstances. In most cases though, PPI finds that the situation is not their problem and the insured is left still paying for their PPI, yet reaping no benefits.
The repayment is not worth it. The majority of the time this scam targets those who are seeking a loan or a credit card and the PPI is attached to either the loan agreement or the credit card contract without the recipients knowledge that this has even been done. Then unemployment strikes and the very same people find that their claim for PPI that they did not even know they were paying for is denied.
For More Information On PPI Go to PPI Freedom