Go to a standalone provider for cheap mortgage insurance
- 1ST AUGUST 2007
A mortgage payment protection insurance (MPPI) policy is taken out to safeguard against the possibility that you might in the future come out of work through having an accident, suffering from a prolonged illness or becoming involuntarily unemployed. However when it comes to finding cheap mortgage insurance in order to give yourself this peace of mind, then it can be like looking for a needle in a haystack.
There is only one option if you want cheap mortgage insurance and that is to shop around for the policy. A policy bought alongside a mortgage from the high street bank or ender will cost you up to 40% more in premiums than had you gone with an independent standalone provider such as British Insurance.
An ethical online provider will keep the costs down by forsaking the huge profits that the high street lender keeps along with offering far better products, backing up their policies with their years’ of experience. British Insurance certainly falls into this category. Headed by consumer champion Simon Burgess, British Insurance has earned themselves many awards for their payment protection products.
Simon is backed by an excellent team of staff who all work together to ensure the consumer gets the best deal possible for their circumstances along with excellent advice.
A good quality cheap mortgage insurance payment protection policy will pay out for up to 12-24 months’ providing you meet the criteria set out in the policy, but policies do have exclusions which mean that you might not be eligible to claim. However British Insurance does give advice on this matter and have strived to make products easier to understand.
