Have you got the best deal on your mortgage insurance policy?
- 13TH AUGUST 2007
Depending on where you look for your policy then you might not have got yourself the best quality product or the cheapest premium on your mortgage insurance policy.
A mortgage insurance policy has always been a very complicated matter. It can be hard to understand and exclusions are often hidden in the jargon and technical terms which the majority of consumers don’t understand. The high street banks and lenders play on this. High street lenders have in the past offered very poor quality to the consumer and hugely over priced premiums for a mortgage insurance policy.
When it comes to getting the best deal and cheapest premium then an online and independent specialist such as British Insurance is your best option. British Insurance is backed by Simon Burgess who is very outspoken when it comes to the consumer getting “ripped-off” by the high street lender. He says: “High street lenders put high profits ahead of the consumer when it comes to mortgage insurance. Along with this they simply don’t have the knowledge when it comes to selling and giving advice.”
British Insurance on the other hand can cut the high street lenders’ quote on a mortgage insurance policy by around 40% along with providing you with excellent advice and backed by years of experience in the sector, providing you with the information needed which enables you to make a more informed decision.
Wherever you buy your policy from it is essential that you are aware of the exclusions that exist within all policies. These are the hidden things that can stop you from making a successful claim and which has been the number one reason why people were mis-sold their policy by the high street lender.
British Insurance however does give honest advice regarding exclusions in a mortgage insurance policy and urge the consumer to be aware of them.
