Loan payment protection insurance can give peace of mind
- 9TH JULY 2007
There has been a lot of bad publicity recently following the investigation by the Financial Services Authority into what is known as loan payment protection insurance. Currently the sector is still under the watchful eye of the Competition Commission and it is hoped that changes will be made in the future. However loan payment protection insurance can give you peace of mind when bought correctly.
Loan payment protection insurance is taken out as a safety net should you find that you are unable to work because of accident, unforeseen unemployment or prolonged sickness. The cover will typically pay out for up to 12 months after you have been out of work for a period of 30 days or more.
However in order to get peace of mind you have to purchase your loan payment protection insurance wisely. One of the best ways of taking out the cover is to buy it from an independent specialist payment protection provider. One such company is British Insurance; British Insurance is headed by Simon Burgess who is considered to be one of the few “good guys” left in the sector.
For peace of mind the policy must suit your needs and when buying from the high street bank not only do you get charged way over the odds for your policy but many policies are mis-sold simply through lack of training by the staff. Sadly, policy owners can end up trying to claim on a policy that they were never eligible to have purchased in the first place.
However the loan payment protection insurance policies that British Insurance sells can save you as much as 80% while providing high quality coverage. Simon and the company always have the consumer’s best interests at heart.
Cheap premiums, quality products and a company you can rely on are all reasons why British Insurance frequently top the “best buy” charts when it comes to loan payment protection insurance policies.
