According to the Office of Fair Trading for every £1 paid by policyolders, like you, for Payment Protection Policies like ASU (Accident, Sickness and Unemployment) just 20p is paid back out in claims. £1 in, around 20p back. A joke when you know that a one armed bandit will pay out at least 70p for every £1 put in!!

It is a sad state of affairs when your money might be better spent being gambled down the boozer than protecting you in the bank!!

Did you know that the claims ratio for motor insurance is 82%, for medical insurance 80%, for household insurance 54% and for pet insurance 72%. So 15-20%, for ASU, is an incredibly low payout rate. All of a sudden the one-armed bandit ‘s pay out at least 70% seems pretty good!

Going back to the ASU . Where does the other 80p-85p go? Well, the money that is not paid out to the policy holder goes in large commissions to bank staff/sales people, administration costs and super-profits for the banks and insurers.

So, if like itpaystoclaim.com you would like to let these Bankers know how you feel then let us champion your claim. If you have a legitimate claim then let itpaystoclaim.com will work non-stop to ensure that you get your cash and that the institutions at fault learn their lesson once and for all.