Finding that elusive cheap mortgage insurance quote
- 23RD DECEMBER 2007
A standalone specialist will always be able to save you money when it comes to taking out mortgage insurance and British Insurance offer a mortgage insurance quote which can save you up to 40% on your policy while giving you access to all the information you need to make sure the cover is suitable for your individual circumstances.
It is the exclusions in all payment protection insurance policies that stop you from being eligible to claim with common ones being those who only work part time, if you suffer a pre-existing medical condition, are retired or self-employed. You do need to check the small print when you get your mortgage insurance quotes as providers can add in other exclusions too.
A policy from specialist British Insurance can begin to provide a tax free monthly sum from day 31 of you being out of work due to accident, illness or redundancy and can run for up to 12 months.
Mortgage insurance has been bearing the brunt of the mis-selling scandal and the most recent firm to be fined since the investigation into the sector began was a mortgage firm which has done nothing to boost faith in the product. However, mortgage payment protection insurance is an invaluable product and it can mean the difference between you having the money each month to carry on repaying your mortgage or risk losing your home, but you have to make sure it is suitable.
A cheap mortgage insurance quote from standalone specialist British Insurance can not only save you money but also make sure that you have access to the key facts so you are able to determine if the policy is suited to your circumstances before buying. Some changes for the better have already arose but clearly many more need to appear and certainly the sector needs to be made more transparent, for now standalone specialists such as British Insurance are the best way to secure your policy and peace of mind.
