Homeowners left vulnerable
- 6TH JUNE 2007
With the recent findings by the Financial Services Authority and the investigation into payment protection insurance (PPI) now passed onto the Competition Commission, many homeowners are leaving themselves wide open when it comes to losing the roof over their head.
Faith has been lost in the protection insurance sector and this should be no surprise when it has come to light that tens of thousands could stand to claim compensation after being mis-sold this protection. The majority of people simply don’t realise how much their payment protection insurance is costing them and are genuinely surprised when they do find out just how much this is.
A payment protection insurance policy is taken out to cover the repayments of a loan, credit card or mortgage should you find yourself out of work due to sickness, unemployment or accident and will usually pay out for a period of up to one year. Provided it is sold correctly, it provides invaluable protection.
Consumers should first find out just how much their insurance is costing them and then look around for the cheapest deal and change. One of the cheapest premiums for a payment protection insurance policy is from British Insurance; they can help you make you savings of up to 80% on your loan payment protection premium and 40% on mortgage payment protection insurance while offering a top quality product and free advice.
British Insurance is an ethical and specialist payment protection provider who is backed by Simon Burgess, who is considered “the good guy” in the world of payment protection insurance.
So don’t risk losing the roof over your head, and don’t tar all firms with the same brush when it comes to them selling the insurance. True there are many unscrupulous firms out there, but British Insurance isn’t one of them.
