Loan cover can still give you peace of mind
- 14TH JULY 2007
Loan cover - or payment protection insurance (PPI) as is it usually called - was designed as a safety net in case after you have taken out a loan, you should find yourself out of work through accident, sickness or unemployment. If you have the cover then it can make the difference between you struggling to meet the monthly repayments and having peace of mind.
Despite all the bad publicity surrounding it, loan cover can prove invaluable - but if you buy it the right way. The Financial Services Authority are investigating the sector and the sector is under review by the Competition Commission but it isn’t all companies that should be tarred with the same brush. The majority of those having been fined for mis-selling loan cover are the well-known, high street names and brands.
If you want the peace of mind that loan cover can bring then it is essential that you choose to go with an independent, specialist provider such as British Insurance. British Insurance can help you to make savings of up to 80% on your premiums while offering a quality product.
Simon Burgess who is Managing Director of the company has welcomed the investigations in to the market place with open arms and while is pleased that steps are being taken in the right direction towards the consumer getting a better deal on loan cover, still insists there is a long way to go yet.
Simon hopes that the loan cover product will become more transparent and easier for the consumer to understand. In the meantime, British Insurance do everything they can to ensure you choose the right policy while getting the lowest premiums possible.
