Loan protection insurance cover can be bought with peace of mind
- 19TH DECEMBER 2007
Despite the negativity and bad press that has surrounded loan protection insurance cover it can be bought with peace of mind if you choose to take the cover out independently with a specialist in payment protection. An ethical specialist will ensure you have access to the key facts and information needed to decide if the cover is suitable and can save you money in the process.
British Insurance is one of the most ethical specialists in the payment protection insurance industry and has earned themselves the nickname of the “good-guys” in the sector. However this is a tag they well deserve, selling award winning cover along with providing the facts needed by the consumer when choosing this cover.
Before buying loan protection insurance cover you have to know that there are exclusions within it which can stop you from being eligible to claim and if this is the case then the cover would be useless. Usual exclusions are if you are retired, self-employed, suffering a pre-existing condition or if you only work part time.
Should you be eligible for loan protection insurance cover, then it would pay out a tax free monthly sum if you become off work due to accident, unemployment or sickness. This cover usually continues for up to 12 months, but can last as long as 24 months with some providers.
British Insurance sells loan protection insurance cover after giving you access to pertinent information relating to the cover so you can make an informed choice. Taking out loan protection cover with British Insurance can also save you up to 80% on the cost of the premiums and of course as they do specialise in the cover you can be sure that their products are backed up by years’ of experience in selling protection cover.
