Lots of ordinary folk take out needless insurance cover consequent of their mis-sold redundancy insurance policy which has been desperately sold to them by devious and unscrupulous salesmen and all this is merely insurance which is unnecessary because they are already covered by the product or service itself or they are already covered by existing consumer laws or consumer precedent. Another consideration is that it would not be likely to achieve the scale of loss which are described in the protection insurance or PPI.
The resolution of any action brought in accordance with peoples' mis-sold redundancy insurance policy will be binding and will set a precedent for future consumer legislation. What really matters is that the consumer is completely compensated for what has been previously lost. The law in the United Kingdom is these days resolutely installed in opposition to any charlatans who insist on these misdemeanours.
The financial regulator has been busy heavily penalising Payment Protection Insurance firms in many situations for not treating customers honestly, also the Competition Commission has inspected the market and made a number of requests on these lenders, also including banning sales within a week of selling a visa card or loans and totally prohibiting single premium plans.
It must be a dreadful moment when thinking about your mis-sold redundancy insurance policy and the total waste it turned out to be. Happily, there are laws which allow the overturning of these wrongs and the recovery of your poorly spent money. The law exists to protect the consumer's interests.