Are you getting a fair deal with your loan protection policy?
- 14TH JULY 2007
Whenever you take out a loan with a high street lender the chances are that you will be pressured into taking out a loan protection policy, that’s if you’re lucky. If you are unlucky then a loan protection policy will just be added to your loan and charged to you without you even being aware of it.
This is one of the main problems when it comes to getting a fair deal with your loan protection policy. Industry expert Simon Burgess, says that high street lenders are notorious for including the cover in the loan without making the consumer fully aware. “Not only this”, he says “but the premium they charge for their loan protection policy is outrageous.”
So when you take out a loan and want the protection then you should ask yourself if you are getting a fair deal when it comes to your loan protection policy.
Loan protection will cover you in the eventuality of you coming out of work through sickness, accident or unemployment and can provide a monthly income for up to 12-24 months, which ensures that you are able to meet your commitments.
One company who can give you a fair deal when it comes to your loan protection policy is British Insurance, which is headed up by Simon. British Insurance is a standalone and ethical provider who can help you to make savings of around 80% on your premium.
They are considered to be the “good guys” in the sector and have earned this title by providing quality products that have frequently been listed as “best buys” as well as winning many awards.
