At some point in time someone decided that it would be a good idea to develop payment protection systems which were supposed to provide a necessary cover to against loss of income. This would act as a blanket or cover to help people who took out loans but somehow lost wages due to unemployment, illness or injury and therefore became unable to make their monthly payments on time. The cover would last a specific amount of time, usually long enough for the person to get back on his/her feet. The problem is somewhere along the line so many exclusions were added to PPI that now very few people are ever eligible to claim benefits. This results in a policy that is way too expensive and one that provides few benefits. That, indeed, is a major flaw. For more information on how to claim back the money lost, contact PPI Claim Company.