Knowing the terms and conditions of your Payment Protection Insurance PPI is very important and the buyer should read and make sure they understand all of the exclusions which may affect any future claims. Payment Protection Insurance is designed to take over major financial payments in case the owner suffers a job or income loss through no fault of their own, is involved in an accident or suffer an illness. Someone who engages in a conceivably dangerous sport or has a job with a high potential for injury can obtain coverage, but may pay a higher premium. For this reason you will want to make sure that the coverage you elect does not exclude these activities. Often the buyer is issued a blanket policy without any assessment being given to their particular needs. This practice is referred to as mis-selling, the policy holder does not realize that they will be unsuccessful in filing a claim because the policy terms are not applicable to their situation. If the company selling the coverage does look at the customer and ascertain their individual needs they may decline the coverage and the customer can look elsewhere for a policy that would work for them.
Perceptions Do Matter
Surfers need to be cognizant of the potential for securing a Payment Protection Plan that excludes accidents caused during their pursuit of the big wave. Perhaps working with agents who insure in high volume surf communities will result in good and applicable coverage. People who consider surfing to be dangerous and risky would not understand your passion for this sport. One thing that you as the surfer could do is to follow safety rules and use common sense when enjoying the sport. Your chances of sustaining an injury can be minimized when you don’t take unnecessary risk.