Finding cheap mortgage payment protection insurance
- 1ST AUGUST 2007
When it comes to finding cheap mortgage payment protection insurance it can be a real nightmare. Payment protection insurance (PPI) has earned itself a bad reputation over the last few years as a result of the banks and high street lender charging premiums that are sky high.
Along with this the products that are bought alongside your mortgage from the high street lender are of poor quality and are often mis-sold through lack of experience in selling insurance, which shockingly has left many unable to claim during their time of need.
However, good quality, cheap mortgage payment protection insurance can be found but you have to shop around and not be conned into taking it out alongside your mortgage. By far the best way to purchase cheap mortgage payment protection insurance is to go with an independent provider. For one, the products are of better quality and two, you can make huge savings when compared to the high street lender.
One such specialist provider is standalone provider British insurance. When compared to the high street lender they can save you as much as 40% on your premiums. British Insurance has been providing quality payment protection products for many years and this has earned them the title of being the “good guys” in the sector among their customers and the media.
Simon Burgess, Managing Director of the company, has always been outspoken when it comes to the way the high street lender “rips-off” the consumer. He has welcomed the recent investigations into the sector with open arms and hopes that changes will arise in the way the cover is sold.
Mortgage payment protection insurance is taken out to ensure that if you come out of work due to having an accident, suffering an illness through unemployment then it will pay out a fixed sum of money, typically for up to 12 months.
The good news is that if you shop around, you really can find cheap mortgage payment protection insurance and have the peace of mind that you will keep your roof over your head should disaster strike.
