Don’t buy payment protection insurance off the shelf
- 7TH JUNE 2007
As if payment protection insurance (PPI) isn’t complicated enough when you purchase it from a firm that knows what they’re doing when it comes to financial matters, supermarkets are now selling payment protection insurance alongside their washing powder!
Which in effect means that while you’re shopping for Sunday lunch you could casually pick up your policy and drop it into the shopping trolley. However, while some might think this is a great time saving solution in their busy lifestyle they could be making a very costly mistake.
Payment protection insurance can be bought when you take on a big financial commitment such as a credit card, loan or mortgage. It is in place to ensure that if you become unable to work due to accident, sickness or unexpected unemployment, your monthly bills still get paid.
However, policies aren’t as cut and dry as people would have you believe. They have many exclusions within them, which could mean that a policy you purchase haphazardly you may not be able to claim on in your hour of need.
If you want this valuable cover then don’t casually pick it up with your shopping, there`s a little more to it than choosing which soft drink you want, or thick or thin bread. Instead play safe and purchase your policy from a standalone and ethical provider, someone who knows what they are talking about when it comes to payment protection.
One such company is payment protection specialist British Insurance; they sell top quality payment protection insurance products while keeping the premiums low, which have earned them the name of “the good guys” in the sector.
However remember to do your shopping elsewhere because unlike others who cash in on stuff they don’t specialise in, British Insurance only sells quality insurance products, not groceries.
