Cheap mortgage payment protection insurance can be found online
- 1ST SEPTEMBER 2007
Cheap mortgage payment protection insurance can be found online if you know where to look. The best place to start your search is online and with a specialist in mortgage payment protection insurance (MPPI), a specialist will be able to provide you with a much lower quote when compared to the high street lender. They will also provide you with all the necessary information that you need to ensure that you are able to make the right decision about whether a policy would be suitable for your needs due to the exclusions.
Exclusions are what could stop you from claiming and are one of the most common reasons for policies being mis sold. However by going with an independent specialist such as British Insurance you are able to buy cheap mortgage payment protection insurance and save as much as 40% on your mortgage payment protection insurance. British Insurance are one of the most ethical providers that you can find and are backed by outspoken Managing Director, Simon Burgess.
Simon has welcomed the investigations into the payment protection sector which began in 2005 and which are still ongoing. One of the changes he is hoping for is the release of the stranglehold on the sector that the high street banks and lenders currently have. He says:
“The majority of consumers wrongly believe that mortgage payment protection insurance has to be purchased when they take the mortgage. This is wrong and your mortgage shouldn’t be dependant on you taking out protection to cover it. “
Cheap mortgage payment protection insurance is taken to cover the fact that you could lose your income if you were to come out of work through an accident, sickness or through unemployment and is sometimes called ASU, accident, sickness and unemployment insurance. A policy can be taken out to cover you against coming out of work due to accident and sickness only, unemployment only, or all three.
Simon explains that consumers are free to shop around for their cover and “shouldn’t be coerced in to buying a policy from their high street lender without first getting other quotes from standalone providers…many consumers are ripped off this way, paying for over priced, often unsuitable cover.”
He adds that cheap mortgage payment protection insurance can be found, without compromising on quality.
